Pete, Potting mixes are actually a really big subject. Every component has its own plus and minuses both on its own & in combination with other components. I am not a fan of the 5-1-1 media, particularly for trees. I do not like how the water management changes over time. The top layer will dry out if you are not very careful in my experience, which really changes the dynamic of the container. Also, I prefer to grow organically which I find is more of a challenge in 5-1-1 too. My preferences aside, one can use this media and the gritty mix with great success IF properly managed.
In researching growing media, I came across people using coconut husk chips (CHC) for citrus. It is widely used by people growing orchids. The coconut is a pretty interesting entity with properties that are great for potting mixes. If you think about it, coconuts can fall in the ocean and float thousands of miles in the ocean without sinking or breaking down. Yet, if you pluck one out of the water after it has been in there any length of time, it is decidedly waterlogged. The breakdown of the coconut husk is resisted by very high levels of lignin in the husk. The pore structure of the husk is such that it can retain high volumes of both air AND water. I am attaching a discussion of CHC that essentially describes my experiences using CHC. I have apricot and citrus trees in CHC based media going 4 years without breakdown. I have had to root prune and add more media, but the old stuff, which is deeply entwined with roots, is holding up well so far. With a 5-1-1 type, I'd have changed 3 or 4 times.
CHC and coir are different materials. CHC is just chopped up coconut husks. Coir, or more correctly coir dust, is the particles left over after the long coir fibers are extracted from the coconut husk. Coir is being widely used as a peat moss substitute with great results. Coir has good CEC and, like CHC, a high lignin content. So, it is also slow to breakdown. I have used a bunch of CHC mix variations. Right now I am doing 75% CHC, 10% coir, 10% Sunland Potting Mix and 5% worm castings. There is nothing magic about those percentages. I get my media mixes tested to make sure they fall in the ranges of the HortScience paper I am attaching. Yeah, I know, I'm an anal data junkie. I know there are people who report growing in straight CHC or 80 to 90% CHC plus 10 to 20% coir to good effect. If you go with a CHC based mix, your water management will be different. You will use somewhat less water. You may have to change your fertilization regime a bit as this mix holds nutrients better in my experience than bark + peat moss based medias. You can monitor the EC of your flow through to test that. Since I grow organically, I incorporate nutrition in the mix and then top dress after that. Two other things. I do not do the epsom salt soak discussed in the attached PDF about CHC. I do wash in a similar manner to what he describes. I get my CHC and coir from Crystal Company in St. Louis too.
I hope this helps! Happy to try to answer any questions.
Good luck with your mixes!