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Paul Sellers has been known to use plywood jaws in years past, but he is using some nice stuff with a lot of void-free plies, and he is not putting dogholes in it. Honestly, though, even the material you have there, if laminated to 1.5" and with just one or two 3/4" dog holes, it should work pretty well and would be easy to replace. If you are on a budget but want to do hardwood, this is a perfect job for red oak.
Yup.
Also, for OP, pecan is basically interchangeable with hickory. They’re extremely close as trees and similar as lumber.