I haven't done it yet but I read that pro rock crawlers use cutting board material on their skids and I plan to do the same. My taco has thin metal as its skidplate and that will never hold up to a good hit. I plan of adding the cutting board material, not replacing it entirely.
A big part of the reason is that "taco lean" that always seems to develop from having the driver, battery, gas tank, etc. all on the same side of the truck. I don't want to get too heavy.