The convenience and power of plywood material is immediately compromised by problems and quirks resulting from plywood edge-grain. The cut edges of ply are far from the Euclidean ideal we'd prefer. Voids (both small and large), tear out, and gaps due to delamination cause plywood edges perform quite poorly as a surface.
Real quality baltic birch and MDF do not have this issue. BB simply has enough quality that the edge is a real surface and carries enough beauty to even stand on its own. MDF is really just an isotropic billet material.
DAP "Plastic Wood" filler works decently well to obscure the voids and imperfections in regular edge cut. However, this extra step takes time and effort. Relying on such filler:
When cutting up ply, tearout is pretty hard to avoid. The creation of tearout is not terminal for a project, but will add costly finishing steps later on and even in the best case lower the aesthetic appeal of the result slightly.
Tearout can be avoided by: