I am trying to find out about this conversion but I haven't found much yet, and not much info on the video. I did find some threads on rcgroups on other conversions and it doesn't seem there has been much done to strengthen the airframe or worry about vibration..I think the foam would absorb vibration better than wood. I also read that glow fuel isn't a problem with foam IF it is wiped down after each flight and not left to sit on the airframe, it becomes a problem when it is left on and the oil soaks into the foam.
Most of the early ARFS were foam, including Midwest, Sureflite, Cox, MRC/Altech, etc. I would love have one of the old Sureflite Cubs..a rare find these days.