Good MDO is much better than some of the inferior grades of "Marine" plywood. The glue is the same and it often has less voids (visible on cuts) than marine.
Everthing said about MDF is correct - no place for it on a boat. If in doubt, do the "Down east scientific plywood test as used and perfected by none other than Harold "Dynamite" Payson of Thomaston.
You take a couple of off cuts and boil them (several times) and then put them outside for a couple of months to weather. Repeat several times, if you see delamination don't use. He was an ICON in the boatbuilding world who recently passed. As he once said"that plywood is tougher than chewing boiled owls!"
He used an unfinished sheet of plywood in his NEW trucks that would outlast the body. He said it spoke more to the quality of plywood than U,S built pickup trucks.
MDO is dependable aboard our small ships.
My 18' Jim Michilak designed AF4 made out of MDO and epoxy on the seams only. with care, it will outlive me.