Yes! Luan is one of the most popular types of "underlayment" used. It provides a smooth yet porous surface to glue vinyl down with. There are other types of underlayments to install but, for the money, luan is best. Just make sure that the pieces are gapped to the recommended amount (to allow for expanding and contracting) and make sure it is fastened to the floor properly and that the fasteners are spaced about 4" apart on the "field" and 1 1/2" on the edges. As far as the vinyl flooring goes, it's pretty much your preference but, from my experience, armstrong makes a durable floor covering.. Hope this answered your question.