I like all the GI to be frosted. Just choose if you like them to be on the cool or warm side. I have been hearing about the Sunlight lamps from Comet, and have ordered some.
For inserts, as mentioned, pass on yellow. I personally like the extra pop a red LED does to a red insert.
I do really like colored LEDs in the backbox. I have mostly cool white, with a red behind the base of the gumball machine, and some blues in the blue areas near the top left and right.