Kaowool is my preference. Cheap, easy to work with & very effective. It also has the benefit of letting you ' tune' the internal dimensions of your forge to get the most efficient size for your burner. As you reduce the internal dimensions of the forge, you increase the temperature, letting you set up for simple quenching use (for stock reduction work), basic hot forging & welding, simply by adding or removing wool as necessary. Once you get the feel for it, you'll settle on one size for everything.
I have 4" of kaowool in my farrier's forge & it's lasted 4 years now.