The engineering benefits of glulam wood products are reliability, dimensional stability, and higher strength,. Engineered wood is easier to work with than traditional dimension lumber, lighter in weight and consistently true to size. For many markets glulams are a stock product available from most lumber yards.
Large southern yellow pine beams will be simular in cost (if you can find them). Many large beams will be air dried and will shrink and check in service. When we ordered large 12x12 SYP beams they all were different size and many had bark on corners.