The best replacement for pound cake is sponge cake.

The best alternatives to pound cake are rated as following:
★★★★★  sponge cake
★★★★★  angel food cake
★★★★  butter cake
★★★  regular cake
★★★  bundt cake
★★  cake
★★  cream cheese pound cake
★  yellow cake
★  angel cake
★  sour cream pound cake
  angel food
  old fashion pound cake
  madeira cake
  coffee cake

Your alternative for pound cake is not listed? Suggest!
Speaking about pound cake, one probably shouldn't forget about cake flour.

Other search terms related to pound cake and their ratings are:
★★★★★ cake flour
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Google Trends

Scale is based on the average worldwide traffic of pound cake in all years. Click on graph for more.
pound cake
sponge cake
angel food cake