Insulated or not?

Hello everybody,
I'm getting real close to starting work on my teardrop and I'm suddenly hit with a new thought. Up till now, I'd pretty much assumed that the only choice was to build framed walls with insulation. Now I've been given the suggestion that the walls could be made more simply with 3/4" plywood, no framing, and no insulation. I've also seen statements from people who have built this way who say that their trailers are very comfortable even in cold weather. Part of the reason I wanted to insulate the sides is so I can take it to Vermont in October.
So, my previous thought was to use 1" poplar framing with 1/4" plywood outside and 1/8" inside, and 1" foam insulation in the gaps. (I've seen some designs using 1/2" plywood, but I was going to take my chances with 1/4".) How would my idea compare in weight, cost, and strenth to the alternative -- just using 3/4" plywood unframed and uninsulated?
As a thought experiment, I hit on the idea of using 3/4" plywood in place of the framing (is that called "spars"?) and then cutting out holes in the board big enough for the insulation. (I've seen that described on this message board.) I figured I'd need to cut away roughly 2/3's of the area of the inner board to keep the weight the same. It seems to me, then, that (provided the glue is strong) the thicker wall would be stronger and lighter. Am I on the right track here?
I'm getting real close to starting work on my teardrop and I'm suddenly hit with a new thought. Up till now, I'd pretty much assumed that the only choice was to build framed walls with insulation. Now I've been given the suggestion that the walls could be made more simply with 3/4" plywood, no framing, and no insulation. I've also seen statements from people who have built this way who say that their trailers are very comfortable even in cold weather. Part of the reason I wanted to insulate the sides is so I can take it to Vermont in October.
So, my previous thought was to use 1" poplar framing with 1/4" plywood outside and 1/8" inside, and 1" foam insulation in the gaps. (I've seen some designs using 1/2" plywood, but I was going to take my chances with 1/4".) How would my idea compare in weight, cost, and strenth to the alternative -- just using 3/4" plywood unframed and uninsulated?
As a thought experiment, I hit on the idea of using 3/4" plywood in place of the framing (is that called "spars"?) and then cutting out holes in the board big enough for the insulation. (I've seen that described on this message board.) I figured I'd need to cut away roughly 2/3's of the area of the inner board to keep the weight the same. It seems to me, then, that (provided the glue is strong) the thicker wall would be stronger and lighter. Am I on the right track here?