Most everything is a compromise and that holds true with arrow woods. Which arrow wood is "best" depends on what is important to you.
Port Orford Cedar or POC (actually a cypress, not cedar) was the #1 arrow wood for many years and is pretty much what all others are compared to. It is a very good arrow wood, reasonably durable, lightweight, straight grained, straightens well and holds it's straightness. Weight can vary 100 grains or a little more within a 5 lb spine range. The quality has dropped of terribly over the last 20 years or so and good POC shafting is limited now, altho still available sometimes.
Sitka Spruce makes great arrows. It averages lighter than POC and spines in excess of 75 lb are rare. It has a fiberous structure that makes it quite durable. It straightens well and holds it. It is also the most consistent in weight, usually within 50 grains. It's fiberous structure sometimes makes SS hard to break, but watch out for compression fractures. If an arrows becomes bent and doesn't want to straighten, retire it. I like it for lightweight arrows or if trying for a high FOC. Hildebrand is the only source I currently know of. FYI, SS has the highest strength to weight ratio of all woods and is the wood of choice for aircraft construction.
Douglas Fir has been my personal favorite arrow wood for many years. More durable than cedar, it also averages somewhat heavier than POC, which I like in a hunting arrow. It is a pretty "snappy" wood and seems to recover from paradox more quickly than the other woods. I just like the way it shoots. DF grain weights can vary quite a bit, over 150 grains. This does necessitate weight matched shafting, but you will likely be able to get a good weight for your needs. DF can be quite durable, but when it does break it generally shatters. That might sound like a negative, but I like it. Better to be in pieces than hiding a flaw.
Larch I'm not very familiar with, having only worked with it once several years ago. It reminds me a lot of fir. I did notice a wide weight variance in the 2 dozen I had.
I'm not very fond of the hardwoods. They seem to me to be "sluggish" on the shot, but if you want a heavy arrow they can be just the ticket. I have used laminated birch from AMAW with great success and find it very tough. Ash and hickory, there is a reason they are used for tool handles and baseball bats. The stuff is borderline indestructible, which is a plus in hunting arrows.
If you can find ramin, it can make a very good arrow as well. It is tough, heavy but not too much, shoots well and straightens fairly well.
These aren't the only arrow woods and with proper selection most woods can make a serviceable arrow. These are just the ones I know.