Yes, the best cases I have had for guitar as you say. Even the name brand ones from Fender and Gretsch that I have had were thin plywood under Tolex. The Gretsch was pretty nice, even had an arched top, until a friend left it out in the rain and 30 years of mold spores all bloomed at once...<sigh>. The Fender case once survived a cross country trip in the cargo hold of an airliner, back when I was too innocent to know better. None of these would survive modern cargo treatment--and those were the better ones. The last acoustic guitar hard shell case that I had literally disintegrated. Thin wood just like the rest, but the glues gave out. I gave up on it when--despite practically doubling it's weight by adding duct tape--the bottom just fell out of it one day.
I have an ABS case for a horn. It's very strong, and shows no sign of wear although I have had it most of my life. If I had to get a hard-shell I'd get one of those--maybe a Road Runner.
I have thought about making one, but a decent case will be a lot of work, and not a lot cheaper than buying a hard shell case--and not as good as an ABS case. I used to make kayaks out of fiberglass. I could make something strong and light with that, but it is messy, toxic, and probably not worth divorce.
So, for now, the gig bag seems like the best option. The one I ordered arrives next week. Since it is extra deep I have been thinking about adding some reinforcement. There should be room above and below it...so thinking about that.
Meanwhile I have been thinking about what the ideal DIY guitar case would look like. It should be light, highly protective and easy to customize. I am thinking a thin plastic or plywood glued to styrofoam like in a bike helmet might work...