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You’ll get better results if you soundproof the whole wall. A hole through which light can pass can also let sound waves in. Acoustical or silicone sealant applied to holes and cracks can block enough sound to make a difference. However, the more layers absorb vibrations and slow or stop sound waves, the less noise you’ll have. 

Venetian plaster is a highly durable wall finish that becomes a rock-like substance once dried, making it last longer than most other wall finishes. Its lifespan can range from decades to centuries, potentially lasting a lifetime. Key factors influencing its longevity include the quality of the initial application, whether it's properly sealed against moisture, and how the wall is maintained and treated (e.g., how often it is touched or bumped). Due to its mineral content, it can also develop a patina over time.

It’s less costly to drywall a fireplace than shiplapping it since material costs are higher for shiplap. However, if you’re DIYing the project, shiplap is less expensive since you won’t have to pay for labor. With drywall, getting a smooth finish is difficult unless you’re a pro. Shiplap is ideal for an accent wall or unique space, such as around a fireplace, since it adds texture and gives off a cozy vibe.

The two most common drywall thicknesses for ceilings are 1/2-inch and 5/8-inch. For most standard residential applications, 1/2-inch drywall is sufficient and widely used. It provides adequate support and is lighter and easier to handle during installation compared to thicker sheets. However, 5/8-inch drywall is often used for specific cases where additional benefits are needed. It is heavier but provides superior sound dampening and fire resistance. You should consider using 5/8-inch drywall for ceilings in commercial buildings, between a garage and a living space, or above a finished basement to meet building codes or for enhanced soundproofing.