I really think Al's gritty mix is the way to go, ...sometimes.
It is expensive, grading pine bark is a real pain in the...
But it lasts because it is mostly inorganic. Bare rooting is a dream when in gritty mix. Root rot is virtually impossible.
It can be refreshed after many many years by re-adding pine bark.
It is heavy, very heavy. The plus side of heavy is less likely to tip over in heavier winds.
I don't always use it because of the expense and the effort that takes to make it and the sourcing difficulties, but the star trees get star treatment.
I really think sand is bad news, i used to use it, but it is actually really bad for drainage (believe it or not), too much surface area for water to adhere to.