@Eric Schrader , if you would like to add your personal experience to this topic since it is your video.
I believe the biggest factor on if the mix will work or not is your ability to tend to the needs of the tree in regards to watering and fertilizer.
Some updates based on what I've been seeing in my operation -
1. The coco coir at 15% breaks down after 2-3 years and the soil become less capable of nutrient retention. This is a problem if you were growing in the same pot long-term, but not if you are stepping up containers or changing it out for bonsai soil.
2. If the perlite is too small or dense it can cause problems for pines. To a lesser extent this is also true for some other trees, but JBP are very sensitive to soil moisture/air penetration. I recommend a "super coarse" perlite. But the terminology is not consistent. The ones from Mother Earth grades 3 and 4 are way too big and soft. The factory I get it from here locally has "4+" and it's smaller than the Mother Earth Grade 3. So basically you want a particle size that is as consistent as possible and about 1/4"-3/16". A bit of dust is not a problem, but if the particles are mixed sizing then it can be.
3. The mix retains a lot more water than APL's - so if you use both just be aware that watering will be different.
4. I've started using fir bark also - so the mix has evolved to more like 60-70% perlite, 15-20% bark, 15-20% coco coir. I'm also experimenting with adding a small amount of lava...and a few other things.
5. The mix is "Fast" for me - e.g. APL mixes are better for refinement, while this is better for coarse growth that is needed for growing trunks.
6. According to the literature perlite has a tendency to lock in nutrients initially - meaning that you need to fertilize a few times before there will be much available for the plant. Used perlite doesn't have that problem and the tests I'm referencing were in relation to comparisons of new and used media. (sterilization aside.)
I just want to reiterate that the main reasons I am using this type of mix are that it is CHEAP and AVAILABLE. In a growing operation soil logistics becomes a huge part of the everyday work. I think I spend more time moving soil and moving plants than I do actually wiring or pruning. I put out YT videos to share me experience and teach people what I know - or what i think I know - but I am not perfect, and iterating and adapting is critical to success in bonsai.
Good luck.