Why the grade matters more than the brand
Every plywood sheet is layers of timber veneer pressed together with adhesive. The grade tells you how that adhesive behaves when it gets wet. That is the whole difference. A premium-brand MR sheet under a kitchen sink will still fail before a mid-brand BWP sheet, because the glue was never designed for that job.
How we decide, room by room
Bedrooms and living rooms stay dry, so the carcass grade there is about stability and finish, not water. Kitchens are split: the sink base and the utility run get the highest grade, the rest gets a grade below. Bathrooms get marine-grade ply or no ply at all, depending on the layout.