Especially given that Iaijutsu duels are a formal combat style where you have to start with weapons sheathed:
Bokken are essentially wooden 'practice katana', and should be useable with all the techniques you could use a Katana with.
Giving them Razor-Sharp might sound silly, but the only mechanical effect is making them breakable if (for some reason) you decide to start whaling on a guy in body armour with one.
More importantly given that they are sparring weapons used to learn kenjutsu; it would allow you to use iaijutsu techniques (and anything else in the future requiring a razor-sharp weapon) with one.