Bright white paint is usually the best to use. I compare it to getting blinded if I look outside on a sunny day when everything is covered in snow. It's bright as all hell lol.
I used to be all for the mylar, but a lot of mylar is too much like a mirror, and it can reflect hot spots. The diamond mylar that fshady mentioned is IMO the next best thing to bright white paint; it'll reflect light more evenly.