Glenn,
You're so right about not overthinking, or even overbuilding. After all, these things are only supporting light fluffy insulation, so no need to use wood for shelves, unless it's something really thin like luan. The question I have would be this: would it be of any benefit to put a layer of 703 with frk (or OC 420 which is readily available at Lowes) over the face of the insulation in the soffits, or just spray glue some brown contractors paper on there? Would there be better performance with the ridged layer? The rigid layer would cost a minimum of $100 more - the stuff ain't cheap!