Well, I'm one of those guys who mixes "several of the above". My mainline formula is 3 parts Brennan's gray, 1 part coarse Woodland Scenics gray, and 3 parts slate gray Alliance (Gator) SuperSand. In the picture below, the upper left track segment is pure Brennan's, which wasn't intended (I assumed that said cup of ballast had been mixed, but it hadn't). The two lower and right upper tracks were ballasted with the mix noted. The darker, not quite black, and brownish tones are contributed mostly by the SuperSand.
The yard will see a mix with more parts SuperSand, one part Brennan's black, less Brennan's gray, no Woodland, and some mixed ballast that I recovered from some modules that were disassembled. Maybe I'll lay down pure SuperSand first and then sprinkle the Brennan's (mixed) over that to add texture and variety. That technique may work on the sides, but not between ties on the rails, as the depth of the initial SuperSand application will be difficult to make consistent in a reasonable amount of time.
SuperSand was used on the club's S gauge travel layout. It's just the right coarseness for S. But I found that the glue mixed into it wasn't entirely sufficient, so the traditional diluted Elmer's came to the rescue.
I'm using 70% isopropyl alcohol as the wetting agent. There's not much difference between it and "wet water", as far as glue distribution goes, but it seems to dry in about half the time. And my layout is not in the house, so the alcohol fumes issue isn't a concern.
The Alliance SuperSand cost $35, for a 50lb bag, at the local landscaping supply store (pre-COVID). I doubt that I'll use the whole bag, with a good half of what I've used going into the club's S gauge layout.