Right - lighter is not necessarily better it is just lighter.
My goal in guitar building besides tone, playability is light and stiff guitars though. It's the kind of guitars that I prefer to play where I can feel the thing vibrating against my body when I play it. So I weigh everything and have given thought to using woods and products that are light weight comparatively speaking.
Tuners are interesting because a pair of Waverlys or Grover open backs can be around 140 grams where Gotoh 510s can be 265 grams. I use the same truss rod that you do only I like the Allied one designed by Mark Blanchard better. Both the LMI and Allied rods are 119 grams.
I prefer mahogany for my blocks and linings and necks for that matter. It's light weight and a superb and very under rated tonewood.
Bracing is not going to be a place where you can save a lot of weight IMHO because you need what ever bracing you end up needing for your specific top to keep the thing from folding like a cheap suitcase....

Typically bracing only weighs around 40 grams anyway ( Adi - OM style guitar) so you can see that even a 25% reduction is only less than 1/3 or an ounce in weight savings and again in a place where you need some beef. Apologies to the vegans for the beef term.
Finishes add weight! And finishes can add more weight than I imagined until I started weighing my guitars in the white and then after finishing.
To me a light weight guitar is secondary to the sound that I hope to achieve but it is related to the sound I am after too. This gets into the area of backs and how there are a couple of schools of thought in guitar building as to how a back should/could work - reflective or slightly flexible.
I built a L-OO where I pulled out all the stops to see how light I could build a guitar. It came out at 2 pounds 9 ounces AND this guitar lost another ounce or two a year later which I also can't understand why. It is lightly french polished and sounds very different from my guitars with nitro, poly, and urethane finishes. I didn't expect that this light weight L-OO would hold up well building it as a learning experience but it is my favorite shop guitar to play. It is like holding air and very responsive since there is not much mass to accelerate.
Anyway I agree with Colin that light weight guitars are not the end all to be all - they are simply light weight. It's all good.