With a tracksaw, any blade will do. The material is pretty soft - hence it is commonly used as a cutting surface.
If you wanted to do a couple thousand cuts, and avoid dulling a blade even a little, then the laminate/MDF blade would in theory be the longer lasting option.
I used it*) a couple times when needing to cut the insulatin precisely. Can be done, but it IS an overkill using a TS for EPS .. no way around that aspect ..
[smile]
*) the tracksaw, not the blade, never bothered to change a blade for that work .. most my wood cutting is with EPS as backing surface anyway ..