Not adding thing that hasn't been mentioned above. I use particle board for a spacer when I'm manually advancing the Z axis. My Bridgeport has a 2-axis CNC controller, so easy to account for any rising of the particle board if it's becoming saturated with coolant. My Tormach is 3-axis CNC so have consider swelling over time, so generally use aluminum there unless I'm cutting without coolant. Made the finger joints for some bee boxes on the Tormach and used particle board since the coolant was turned off. I wouldn't hesitate using particle board with coolant, but would do some spot checks for height and compensate for swelling.
Bruce