Biological media is a surface area for ammonia and nitrite consuming bacteria to live on, there is not really any more to it than that.
If a media has more surface area it is said to be better, so a very porous surface area with many interstitial spaces, is in essence supposedly better.
That said, if your media sits for a long period without rinsing mulm off, it can become clogged, and those microscopic spaces become anaerobic and don't support the the kind or aerobic life you want.
I have used everything from ceramic rings, to simple lava rock, to fluidized media, and wouldn't/ couldn't know which is better without counting and comparing bacterial colonies between types under a microscope, and without that knowledge, its only speculation.
But if you use nothing more than a few lbs of lava rock from the garden center, and your tank water tests zero for ammonia and nitrate, then what you have is working fine.