Flooring

I built some panels for a trade show a few years back, .25" luan with .75" pine sandwiched in the middle and another sheet of .25" luan. I was amazed by how light weight and strong they were. I was thinking about doing this for my floor only I would put a few supports (probably every 18" or so) with half lap joints and pink foam insulation in all the voids. All glued and stapled. I figure the fact that there will be a 6"-8" mattress on top plus the foam insulation will prevent any flex in the luan. I will also put some linoleum on the top and completely seal the bottom with that black tar goo that I hear everyone saying never dries. I like this as it gives my solid wood to screw into the end grain when I attach my sides plus it should be very light weight. Here are my concerns:
1. Is that black tar goo going to seal the luan permanently on the bottom?
2. Is this a lot of goofing around when I could just use a sheet of plywood and do the same with the goo on the bottom and add a little more weight, but wouldn't have much "end grain" to screw into?
3. Is the black tar goo even necessary if I use real .25" plywood rather than the luan (I have seen a "Camp Inn" and it looks like they just spray some kind of clear coat on plywood on the bottom)?
Thoughts? Concerns? This sitting around waiting for warm weather so I can finally weld my frame is killing me. This thing would be so much easier if I didn't stop and think about it so much.
1. Is that black tar goo going to seal the luan permanently on the bottom?
2. Is this a lot of goofing around when I could just use a sheet of plywood and do the same with the goo on the bottom and add a little more weight, but wouldn't have much "end grain" to screw into?
3. Is the black tar goo even necessary if I use real .25" plywood rather than the luan (I have seen a "Camp Inn" and it looks like they just spray some kind of clear coat on plywood on the bottom)?
Thoughts? Concerns? This sitting around waiting for warm weather so I can finally weld my frame is killing me. This thing would be so much easier if I didn't stop and think about it so much.