I don't have any practical knowledge, but here's what I'd like to do for walls and plan to do in a few years: wood chip light clay walls. It's been done in Europe for hundreds of years.
The concept is straight forward. You have a perimeter foundation around the outside of your frame and then use one of a few methods to form 12"+ walls made of wood chips and clay.
The materials are cheap to free and most often available very close by. Perhaps you encounter clay from excavating your foundation, or have a dump truck bring it to your site as overburden. The wood chips come from one of those tow-behind chippers arborists use to hack up brances and small trees.
You mix the two materials in an ordinary concrete/mortar mixer to form a slurry of sorts. Very light framing or forms hold the mixture until it dries sufficiently to support itself.
The walls breath naturally, have a great R value, and are attractive when plastered over.
Steve Chappelle of Fox Maple in Maine has commercially built walls he says are of equal cost (labor is the main expense) to SIPs.
Here's the first link I found on a search engine:
http://www.foxmaple.com/proclay.html From my understanding, wood chip light clay meets most codes, but it is subject to the local building inspector's judgment.
Have fun.
Zach