To tell the truth, I never gave all that much thought to which wood sounds better for a rack. I've been thinking that I didn't really want my rack to sound at all.
For my turntable, I built a 1 inch MDF shelf into the wall. Then I put a cutting board on some sorbothane hemispheres, and the TT on the cutting board. It works well, and the TT is isolated from everything except "airborne" vibration.
My equipment rack is made from fine imported French stone. Well, actually I bought the stone while I lived in France, and it's a common building material for doorways, window frames, etc. I ended up with enough stone cut to order for a rack for the big rig and another for the HT, all at about 1/2 the price of a single "audiophile" rack. It looks good, is very inert, and, well, holds the gear.