type of material to use for pattern making
single or double bearing bit be best to use?
I've use 'whatever was at hand' for patterns over the years. Last was a Rooster cut out of a piece of 1/4" blue plastic and another was a fence picket I used to make a all the other fence pickets. Nothing too soft - it is a 'roadway' for the bearing and you may be bearing down on it a bit! Key is smooth edges that stay so for teh duration of the project (or make duplicates if a long run is needed).
I've never used a bit with bearings Up and Down, but use Top/Upper bearings when the pattern sits over/on top of the material and the router on top of the pattern and a Bottom/Lower bearing when using the router in a table. So, I'd say the position of the bearing is dependent upon the approach.
The bits come in different lengths and this can impact your selection of pattern material as it is best to have the bearing ride on the pattern without the cutting edges of the bit touching the pattern piece at all.
When cutting out an opening for a patch (in the sub-floor during a kitchen remodel) I used four lengths of 1/2" whitewood to define the size of the patch and cut out the (top layer of) flooring using a top Mounted bearing equal to the diameter of the cutter. I have a kit from Craftsman that contains two collets and a straight router bit designed so cutting the 'patch' using the one collet and the opening using the other results in a patch that fits nicely and precisely into the opening.
Which would indicate that judicious selection of collet and bits might (depending upon the task) eliminate the necessity of mounting a bearing on the bit at all.