Absolutely you can. I used to go by a recipe, but as I found replacements for one thing over the other, and accumulated a mix that became indistinguishable, I realized it really doesn't matter too much what you use (within reason).
I recently had some questionable substrate end up in my overflow bin, and I just had to start over. I just play around with the consistency, mark down the measurements, fill bonsai pots with a new mix and water it as a test. What I look for is water not pooling immediately and overflowing but also not passing directly through either. A mix that will take a few moments to build up and begin to pool the water is what I am after. That's the difference between needing to water 3-4 times a day versus 1-2 times a day. It's all about watering your substrate choice PRN.
That said, you can use Turface, calcined clay, or crushed brick/tile, too. But... perlite, clay beads, zeolite and coco peat are absolutely fine if you intend to mix it with lava and pumice. You just need to find the right mix that retains the water you want it to retain. I've found that adding a bit of sand in there (despite reading not to do it) works wonders for a bit more water retention.