Aluminum Foil:
Aluminum foil is no more than 55% reflective - if used, make sure that the dull side is the one that is used to reflect the light. When it becomes creased its reflectivity is even lower (around 35%.) It is also very dangerous to use because it creates hotspots easily, is electrically conductive, and is a fire hazard when it is in close contact with HID lighting. Attaching this to walls is a pain and usually using aluminum tape or glue is the best way. This should only be used as a last resort, and even then its usefulness is questionable.
Mylar:
A highly reflective polyester film that comes in varying thickness, the most common being 1 and 2 mm thick. The 2mm thick mylar while not quite as durable as the foylon, is fairly rugged. The 1mm thick mylar tears fairly easily, so taking it down for cleaning is quite difficult without damaging it in the process. Both types of mylar are able to reflect approximately 92-97% reflective, giving it the potential to be more reflective than foylon, but because foylon is more easily cleaned without damaging it as well as it being harder to crease, foylon usually ends up being slightly more reflective. Important to note is that mylar reflects radiant heat energy just as well as foylon (around 85%), so proper ventilation is necessary if mylar is used in your grow room. Attaching this to walls can be done in a similar fashion as foylon, and the same caution should be used to avoid creating hotspots in your room. The 1mm thick mylar stands a fair chance of being creased or ripped in the process unfortunately, even if Velcro is used to attach to the walls.
take care