A communication network that employs a plurality of multi-endpoint (MEP) optical transceivers in a leaf (or functionally similar) layer thereof. The use of MEP optical transceivers enables the communication network to support a pair of parallel paths for any source/destination pair of network nodes. In an example configuration, data packets that flow through one of the parallel paths go from the source node to the destination node via an electronic packet switch in the network's spine layer. Data packets that flow through another one of the parallel paths go from the source node to the destination node via an optical cross-connect switch. In operation, a network controller may dynamically select which one of the parallel paths to enable for each particular source/destination pair of network nodes, with the selection being made, e.g., based on the data volume to be transmitted between the two nodes.