Isn't SIPO stated to be a type if mahogany? I have not seen any of the actual dominos of SIPO being marketed by Festool. Does anyone know if they are as hard (thumbnail indentation test) as the originals of European beech which are quite hard? In my lumber stock, I have small amounts of several types of mahogany; these boards vary widely in hardness and density. If SIPO has any silica or appreciable amounts of other identified mineral deposits within its pores, I would definitely choose carbide. If the width of the grooves has to be as close to identical as possible, I would choose carbide with replaceable inserts. But if neither of these applied, and I had some 12mm bits in my collection, I'd use them up first.
I also recall Jerry Work having posted several times that his Festool carbide bits (with carbide cutting edges bonded to the steel backing) have proven extremely durable, and that he has not had to sharpen or replace any of them despite using them frequently in making custom furniture of various hardwoods as his full time profession.
Dave R.