So...
Read something interesting last night concerning the current "What the hell wood is that, anyway" situation. (Soon to be a reality show on Fox). Tom Wheeler in his most righteous, ass-whooping book, "The Stratocaster Chronicles" says this concerning the early years of Fender (1955-1965):
"Alder remained the standard body wood with the same exception as before: Ash was used for blone-finished guitars. A few oddball strats were built with mahogany, and a very few were made with poplar, thought to be more or less interchangeable with alder in most repects except for, on occasion, poplar's unappealing green strips."

Aha!! So poplar has been used before. Although this means nothing in respect to Peaveys built in the late 80's, it makes my guess of poplar seem a bit more plausible. As I said before, I don't know of any other tonewoods that have a greenish cast to them. Puzzle solved? No new supplies yet, so probably no new work until Monday. Stay tuned-

Jeff