Marine plywood and exterior plywood both have waterproof glue, but the marine plywood is not supposed to have voids in it. Exterior plywood may and usually does. However I've found "Marine Tech" plywood being sold at a "marine" price which definitely DID have voids. Buyer beware!!! Neither one of them is treated.
The layer of fiberglass on the plywood was probably put on by the boatbuilder or at their request.
IMO if it's above the waterline and strength is not an issue, ordinary exterior plywood is fine and a whole lot less expensive. Depending on the use, treated plywood might be better than either, but I understand fiberglass won't stick to new treated plywood.
If you're going to fiberglass the plywood I'd use exterior, and MAYBE seal the back side and edges with resin. If not, I'd use treated; it has held up well on my boat (12 years now, with just paint). However even treated plywood is not rotproof.