Key is the more uniform the particle size, the more air the media will hold.
It doesn't matter the components of the mix, bark, akadama, pumice, turface, pozzolane, expanded shale, perlite, chunks of rubber tires, the component doesn't matter in terms of creating a soil with physical structure needed to support good healthy roots and allow enough air to prevent pathogenic bacteria and fungi. In addition good air penetration favors beneficial mycorrhiza.
You choose your components for their desired chemistry, then sift your components to obtain the desired physical structure. I use bark, pumice & lava, or a similar equivalent mix, varying the amount of bark depending on whether deciduous moisture loving tree or a conifer preferring a dry environment.