yeah its a find design. if ANYTHING could fail; you could secure it very easily with an acrylic rectangle bar in the corners, that would give you the corner strength if you wanted to use REALLY thin wall material(1/8th"). I only say the rectangle reinforcment in the corners because perhaps the 1/8" doesnt have enough material to actual join. but a simple addition to the corner will give it more to grab.
get the cheapness of a plywood box, and the flexibility and absolute water proof-ness of acrylic. Im all about over engineering.
IMO you dont need such expensive epoxy either. the epoxy most use needs to be water proof and reef safe. in this case you need neither. the epoxy's only purpose is to ensure the acrylic is fully supported to the wood box. you can use the cheapest thing smoking infact; its strength doesnt matter, its adhesion doesnt matter, nothing about it matters. as long as it dries and has some minimal amount of strength its good. even if it cracks, its no problem.