In practice, black/extra coarse for 95% of reduction - it cuts fast and like TanMan said, I don't know if it's evidence-based or if it really makes a difference, but I would think it gives slightly better surface area for retention. I personally like to go back around the margin with a medium to get a smoother margin.
Be wary as a dental student using more coarse burs though because you have to worry about your hand skills, prep design, over/under-tapering, undercuts, etc.. and the coarseness of the bur may cause you to chunk off more tooth structure than you should have. If I were you, I would just stick with the regular medium-coarse ones (green I think?). If you have to swap out burs halfway through the prep so be it, you can use the new one for more gross reduction and save the old one to refine your margin.