So are the external wing spars for strength, looks once covered or both?
The external spars are the source of the majority if its strength and rigidity.
A brief explanation: The foam has three parts to consider when testing strength and rigidity, (there are a great deal more but this is a simple explanation of the balsa rib strength). The three points are the 2 outer surfaces and the centre.
In order for the foam to bend the inner surface of the bend will need to compress, the centre we will consider as stable and the bend line and the outer surface which must stretch for the curve to occur without permanent distortion or failure. A paper covering will not resist crush forces and does quickly fold becoming the axis of the bend/fold.
The Balsa has only one strength axis which is along the grain where it is very strong in resisting compression and expansion forces. With careful placement of the balsa so that the grain faces the bending forces the resistance of the surfaces of the foam to expansion and compression are greatly enhanced.
This means that when the bending forces are applied to the foam the inner surface of the bend which must compress has its compression resistance boosted by the grain of the balsa and the outer surface of the foam must stretch but its properties have been boosted by the balsa to resist stretching. So until the Balsa stretches or compresses against the grain the foam will want to maintain its shape or return to its original shape unless the forces cause a balsa failure.
The paper covered FB has resistance to the stretching forces, (unless wet), but has almost NO resistance to compression or crush forces. When a FB plane hits a pole the impact point collapses rapidly but as it is not a break the foam around the impact area, (to the sides) act in stretching mode and strongly resist the movement of the pole through the wing structure and so you end up with a large stretched and wrinkled impact zone.
With the wing and fuselage techniques I am using the actual item I am trying to bend has a Balsa/Foam/Air/Foam/Balsa cross section and so the two external surfaces are still balsa end grain and so I get the end grain effect to increase the strength.
The foam has a definite purpose in the build apart from the shape and that is to stop the balsa failing cross grain by keeping the balsa from flexing, bending and then failing. Remember the Balsa is only 1mm in thickness. In an all Balsa build the balsa used is relatively thick or the structure is weak. Gussets are used to stop the balsa distorting under lateral loads.
I could rave on further about structures and Balsa usage but that is not for this post. I hope this helps answer your questions!
Fly high and often!