Screw white, mylar is better, reflects all light better and more true to source. Most vital is from lights down, but best would be to cover walls and even ceiling with mylar and paint the floor white. I wouldn't worry about hot spots, they don't seem to cause any issue, the mylar flutters and sends the hot spots dancing around anyway.
You can use the diamond mylar if you wish, but it doesn't really provide any benefit for the extra cost.
If you are going to use UVB ever, don't make the white mistake.