Sure laminated wood like this Mod. 70 can be checkered! You just can't go as fine as you can with natural wood. My recommendation is no finer than 16 lpi, the reason being that the diamonds have a tendency to just "pop off" if cut any finer. Man, does this checkering have a great feel to it! Your hands positively will not slip on a this stock!
I also recommend that the finish used in the checkering be an epoxy finishing method that I have developed and apply to a lot of my checkering projects, not just those in laminated wood. It not only soaks into the wood quite well, but makes the diamonds tough, strong and very wear resistant. This four panel 16 lpi project took 9 hours to complete.