I have always cut two passes (whether for plywood, or other cores) with the first being nearly full depth climb cutting, and a final pass fully through conventionally cutting.
For example, if I'm cutting 3/4"plywood I will climb cut the first pass at .68", then cut through at .755" conventionally.
Some very hard plywoods (like Baltic Birch) can feel a bit rough if you cut too fast - I think the alternate grains get pressed down a bit and compress and spring back so the end grain layer feels proud of the layers with grain parallel to the cut edge.
Sharp bit and find the feed speed that leaves the best cut. I find for me, 360 inch per minute to 420 ( 3 to 4 inches per second) seems to give a good cut edge with rpm depending upon what diameter cutter Im using.