Wouldn't an angle iron wall frame with wood and foam filler be more sturdy than a totally wooden wall? The weight increase from using a framework of angle iron would not concern me that much, but the strength, I think, would be so much better.
(1) Will the different expansion rates of wood and metal tear the thing apart in time?
(2) Doesn't the bouncing and twisting of a wooden tear tear it apart anyway?
I am no professional woodworker by any stretch of the imagination and I've seen some very nice wooden trailers, but I don't have the skills nor the tools to do most of what I've seen done.