I want something that is well draining but best for the tree. I dont want to use bonsai soil.
Of the three stipulations you state, two are opposites. Best for the tree and not wanting to use bonsai soil.
Well draining is easy with any number of components, just pay attention to particle size and water retention characteristics. Then watch out for too rapidly decomposing and PH altering characteristics.
You can buy inexpensive soil and screen it to the right size, mix with granite grit or lava. the only problem is that a $5 bag of soil is pretty expensive when you sieve away 80% as too large or too small. The lava can be purchased in bulk, then you can crush, sieve and work with the remaining small amount that is the correct size, and that will provide good drainage and inorganic characteristics. But it is no longer an inexpensive substitute. Ditto for Pumice. If you end up using a fraction of the initial purchase it becomes pretty expensive in the end.
But then you have been on this site for over five years so I expect you have encountered all these explanations time and time again.
I grow out hundreds of trees in my nursery in containers and grow beds. I use bonsai soil as the most economical and effective substrate. My grow beds have functioned well for decades with the original pumice, granite grit , low percentage soil components 5%. occasionally I top up the level with pumice and grit as I remove plants and weed the amount becomes somewhat depleted. When I repot from the containers the mix can be reused in the grow beds or screened and reused in grow boxes if desired.
Basic {Pumice, Granite Grit, Lava ) If you add soil sieve it and keep it a low percentage, but recognize that you will need to change the mix more often.
For grow out in containers 40% pumice, 20% Grit 20% Lava, 20% Akadama.
I only use higher amounts of Akadama when refining trees and preparing for maintenance pots or show pots.
I use granular slow release osmocote type fertilizer, as well as liquid and fish fertilizer. My main type of fertilizer for well developed and into refinement trees is organic.
PS: it does not come in a bag labeled Bonsai Soil, just components mixed for a particular purpose!