if that is the case,i personally would build it with a mahogany neck and an alder body...but i would make it a neck thru instead of a set neck like the original,because it is very difficult to get a proper heel on that body style with a set neck...plus the mahogany extending through the body will help balance the instrument.
in my opinion,that wood combination is underutilized...it combines for a very warm,yet crisp tone
ebony or pau ferro fretboard...and if you are using a trem,use a floyd original for a sharper "attack"
all opinion...but that is why you asked,because you want an opinion...i think you should stay away from the more expensive woods on your first build...especially when the old standards tend to sound better anyway imo