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Unfortunately, all wood quality has gone down overall. But even so, plywood is still loads stronger than dimensional lumber.Just looking at this thread. Sounds like you are getting some good advise.
The metal powder coated stand would be more cost effective. Now if you have a saw, drill, a straight edge, and have experience with building with wood. You should have no problem building a stand.
This most important part of build a stand is to have solid corners, were most of the weight of the system rests, the support for the center of the tank. If you are going to place a large sump under the stand this is were it get tricky with support and having the right design makes all the difference.
The plywood I am seeing of late is not the best, even cabinet grade.
Also, how do you figure a powder coated metal stand is more cost effective? Metals prices are nuts currently.