If anyone has a problem finding the right feeds and speeds, these charts are a good start:
Imperial:
https://cdn.shopify.com/s/files/1/0267/6765/4971/files/CutterGuide2020_1.pdf?v=1592515201
Metric:
https://cdn.shopify.com/s/files/1/0...Cutter_Guide_UK_New_Layout_1.pdf?v=1592923278
Personally, I prefer double flute bits for ACM (as higher feeds can be achieved) and single flute for PVC foam and Acrylic, but with the right feeds and speeds you can't go wrong with either.
Dust extraction is also very important, as it helps to increase tool life (less chip re-cutting and also the air flow acts as coolant for the tool).
If you have vacuum table, upcut bit would be the better choice.
If you don't have a vacuum table, downcut bit is your friend.
Also, cutting direction matters for good finish and tool life (conventional vs climb milling).
Hope it helps.