I went with a 2x frame for the bottom of my cab, with 3/4" ply sides for strength, and a combination of solid and laminated 1x poplar for the modular CP's for it.
Plywood is alot more durable than MDF, especially for resisting corner chips.
The poplar is really nice wood to work with, is relatively dense, gives a better cut edge than plywood, but is not as costly as oak or maple.
Since it's going to be painted/covered anyway, it was a good choice.
It holds screws well, for bottom mounting the joysticks too.