Aluminum Arrows are cheap and they are on market since the 20th century! They can go at a speed of 300fps depending on the Bow or Crossbow strength. Two criteria are important, the Straightness and Weight. These are often referred as for the spine. This is the amount of displacement of the center point of the arrow when it’s launched.
So if the arrow have a high spine, it mean that it have less flex than the one with a low spine. For the shooting, you are looking for accuracy, the choice of the aluminum arrows is important like the choice of your bow or crossbow.