Light you can physically touch is a ridiculous concept on its own, but a fun one. I love the GL mythos, even the SA weakness to yellow despite all the things that don’t make sense logically, but all comics are like that. Even the most grounded ones have regular people doing improbable feats. It’s just like watching an ‘80s action movie, turn your brain down and the volume up.
The SA has a lot of things the ring can do that I don’t like, however. Mind reading and time travel and such. There are times when the ring can do such incredible things it makes other stories ridiculous when it’s used in such mundane ways.
Nothing I have read implies that the constructs can accurately emulate the properties of things beyond visual appearance, mass and texture, IIRC. for example, food constructs have never been explore to my knowledge. Can they simulate taste? Even so, the food would not nourish as the light dissipates when concentration is broken. I don’t know if the constructs can also emit other wave properties, such as radiation. Could a GL create a kryptonite construct that would affect Superman? A fire construct that emits heat? A battery that emits electricity?
It all comes down to the particular writer as to what the rings are capable of in the end.