I made 15x15cm pieces of various materials and weighed them for comparison. Here are my findings:
3mm Depron - 3,3 grams
3mm Depron with skin sanded off (2,8mm) - 2,5 grams
2mm Selitac (lightly sanded) - 1,5 grams
4mm beaded styro (wallpaper backing) - 1,0 grams
2mm beaded styro (wallpaper backing) - 0,6 grams
1,7mm hot wire cut pink foam - 1,5 grams
1mm medium grade balsa - 3 grams
Yes, we mainland Europeans use commas instead of dots
Some thoughs on the results:
Sanding 3mm Depron reduces weight by app. 20% without sacrificing much strength. Quick to do with an orbital sander. It becomes more bendy. Great for fuselages but leave the skin on for wings on heavy models.
Don't despair if you can't get Depron - decent balsa is lighter and stiffer although not as forgiving in a crash. Hot wire cut blue/pink foam is another good alternative.
For light/small models like Bit conversions nothing beats the 4mm wall foam in terms of weigth/strength ratio and even wings work well in 4mm styro if a 1mm carbon spar is glued in. If you want a smooth surface Selitac is great but since it comes on a roll it needs to be carefully ironed to straighten it.
Depron that has not been sanded is best glued with UHU Por which is a solvent free contact cement. Unfortunately it remains rubbery and cannot be sanded. If you sand the skin off Depron or Selitac you can use aliphatic glue which sands better. Need to hold pieces together while the glue dries though.
Hope this is useful info. It has probably all been mentioned before.
Michael