It's all going to be a balance of cost and longevity.
On the low end, there is foamcore of many flavors. For mounting photos, self adhesive or heat activated adhesive board is super convenient. I use mountcor with a heatpress quite often. Strong adhesion, low cost/footprint and with a clam-shell press, you can mount a really big print in bites if necessary. Of course, foamcore is easily bent and dented, so this would be most appropriate for framing with glazing for protection. If you opt for a heated vacuum press instead, it would need to be as big as the largest thing you plan to mount, as it doesn't have the capacity to do things in bites.
Masonite is a popular substrate in Europe. I'm dubious due to it being wood-based, so I would suggest the need to seal it before using adhesive or else it could potentially leak acids into your print long-term, but it's certainly a more rigid, less dentable substrate.
ACM is kindof a gold standard. It can be hard to cut and obviously costs more, but Aluminum is not going to rust on you and doesn't have acids to degrade your artwork. I'm not an expert to ask about adhesives with this, as I don't have a way to cut it, so I just use foamcore in house.
I would imagine that wet adhesives would work with rigid panels, but porous drymounting tissue may also be a great way to mount photos to Masonite/ACM with a heat press. With drymounting tissues, you just have to make sure there is a way for air to escape to avoid bubbles--films come in porous and non-porous varieties, and same goes for the various substrates and photo papers. Make sure if you are using a solid panel like ACM, the tissue and photo paper are breathable. That's one more reason I like MountCor--the foamcore and adhesive have tiny little holes to allow for air to escape so I don't have to think about the properties of whatever I'm mounting as critically.