If you still want a perforated back then you should consider perforated PVC or another plastic.
But regarding Sintra and other types of expaned PVC, the downfalls you mentioned are primarily when used in an outdoor application with all of it's UV light and temperature differentials.
The mildew is only regarding the foamed interior, which typically is hidden from the cage interior is the typical reptile cage application.
In my opinion there is no perfect cage material or construction technique. There is always a tradeoff between several factors.
If this is for a solid cage back, I think expanded PVC is fine. But if you plan to buy it and drill a bunch of holes the foamed interior would be exposed to the elements of the cage. I'd recommend plastic pegboard or a perforated plastic, of which there are many.