I just set up my own darkroom last week and I have been practicing making prints again. At first, I was using full 8x10 sheets of paper but I decided to economize and cut the sheets in half. I have ended up with pieces of photo paper that are approx. 5x8.
That gives an AR of 1:1.6
For every day photos, I find that to be just about the right size. They are convenient to look at while holding in the hand and I can get twice as many prints out of a box of paper.
Until I have had some more practice and can produce more consistent results that make me happy with my work, I think I'll keep working with half-sheets.
I am hoping that I'll get to the point where I can display some photos fairly soon. While I, personally, like the wider aspect ratios (probably because of my movie house upbringing) I don't want to display photos that are too far outside of what people expect to see, aspect ratio-wise.
I want to make images that I like but I also don't want to make them be too "difficult" for others to look at, either. I'm looking for a compromise.
For now, 5x8 seems to work for me.
What do you think?