Same as Phil:
I needed to clean up some templated stringers in mahogany and teak for a garden bench seat repair.
The Wealden one I bought produced a beautiful finish (shame it's covered by the seat slats!).
They do a really posh one with upcut and downcut edges interleaved, but I got the ordinary one and it's really good. It's 'downcut', pushing the chips towards the end bearing (cuts up/out of a router table).
Given it's ply I doubt you need a lot of thickness, but if you did, I think the bottom bearing will come off with the aid of a 2mm Allen key, so you can take multiple bites, but in my experience, even with careful setup it's hard not to leave a line between the passes.
Not a good picture, but taken with my tablet over the breakfast table (I think I got away with it but the flash upset her!).
PS: I hear what Trevanion says about downcut knives, but you'd have to be taking a really heavy pass to have any appreciable lifting effect, unless you were trench cutting with an unguided spiral bit. I have some of those but they're small and I haven't used them yet so can't comment. In the case of the job I bought it for, I didn't bother about grain direction but just followed the template and it was fine - I put this down to the slicing action of the spiral.
All that said, obviously there's no fence anywhere near (just a lead-on pin), so it does chuck dust around magnificently. Various people (including Rob S. (Woodbloke) I think) have made extraction hoods for this sort of task, which rap around most of the cutter and let you attach a vacuum hose. With hindsight, I think it's a really good idea!