Hmmm.
Using your numbers Dwayne, you could probably save around an ounce before you would get to the point that you know the wing would fold up on you.
Reinforcing with carbon strip is always high tech and zoot, but it isn't always light. You have to work to keep from overdoing the carbon and glue. Using enough CyA to get the carbon stuck down good isn't light, either. But almost certainly a carbon/wood composite is going to make the wing stiffer than even heavy wood if you put the carbon in the right places. Carbon on the spar caps to resist vertical bending. You might use some carbon on the inside face of the TE if you decide to go with low density wood there, but only run it out maybe half span? Carbon in that orientation isn't real efficient to resist vertical bending, but it is easy to build. It does act to resist internal drag loads, but then, that's what the covering on an I-beamer is supposed to do....
Dave