EWP isn't cheap (when you buy the clear stuff) but wonderful to turn. Softer and lighter than AYC, not as light or soft as WRC (which is also very allergenic). The pine does contain some pitch. If you heat set your plugs in the oven some may leak out and discolor small spots of the paint and later the epoxy (though this is much more of an issue with sugar pine). No big deal as far as fishing plugs are concerned.
Seal with Polyurethane thinned with MS....about as safe and simple as you can get. I use VAl Oil which is not as good (but I bought 4 gallons worth before I realized PolyU was better).
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