Higher ethanol content is better. The ethanol is your primary solvent when making solutions, so the stronger the better.
Depends on what compound you're doing though. Things like anavar, dbol, halo, and winny over 10mg doesn't hold well in solution, so it's a lot easier to suspend them in ora-plus. Just grind them as fine as possible using a fine mortar and pestle, use 50-60% ora-plus and the rest distilled water. Makes life much easier and alleviates the headache of screwing a batch of solution. I pretty much just do my adex in ever clear and vegetable glycerin these days