If your already using vermiculite, then I would recomend sticking with it, theres nothing wrong with it.
With that said, I use pearlite, but I do so because if the type of eggs I normally incubate. I normally incubate varanid eggs. With them, incubation times can reach over a year. Also, they are very sensitive to excess moisture and/or condensation.
Kingsnake eggs or most colubrid eggs are short term and not ver sensitive. So there is no real reason to switch.
But if you do, be careful, as they are opposites of eachother. With vermiculite, when it starts to dry out, the eggs dent from the top, so its easy to see. With pearlite, its the opposite, they can cave in from the bottom and not be seen until too late.
Consider, each medium as a learning curve.
You are right, vermic holds moisture and egg emissions, on the egg, where pearlite lets the moisture drop to the bottom of the box and allows humidity to surround the egg. I believe the latter is more natural. But it does not make it more dependable in an incubator.
Consider, kingsnake eggs are amoung the easist most tolerant eggs in the reptile kingdom. They are relatively fast, no diapause, take denting and rehydration well. And can be turned, dropped, and used to play billards with. Once I had a pet ferret steal some cornsnake eggs, drag them out of the snake room, into the living room and stuff them inside the couch. I found them, they were full of little tooth holes, and they still hatched.
Good luck, FR