What's wrong with the aggravate if it's graded properly? The real question would be the strength of the rock in the aggregate. For the situation and amount of work involved the price differential may not be too great.ok
It may also be possible to get premix in different strength's.
Not talking about the grading of the aggregate, talking about the maximum coarse size. As well as gravel vs limestone.
There is a whole lot of science and testing that goes into all of it in which I dont fully understand and aint going to go into. But in a nutshell, larger aggregate makes stronger concrete. Less shrinkage and less water to cement ratio are a few of the reasons.
Same with limestone vs gravel. Limestone used for coarse aggregate in the concrete makes the concrete stronger than if it were made with gravel.
So basically, the stuff premixed in the bag with small pea gravel for the coarse aggregate, is about the weakest concrete you can make. Sure, there are alot of other factors. You can make it stronger by using mimimal water to get it properly mixed, add a little portland, etc. But if you were mixing by had using raw ingredients, the little 3/8" pea gravel for the coarse aggregate, is the WORST possible choice you can make, and thats what comes in the bags.
Why that is whats in the bags....because it finishes nicely with smaller aggregate, flows into and around posts nicely whereas larger aggregate tends to hang up, and when doing thin (in comparison) sidewalks or stepping stones, it finishes nicely and strength is of little concern.
For a 8" x 16" footer, sure it will probably work just fine especially since footers typically get rebar laid in.
But if the OP has access to stone and sand, and a truck or dump trailer than can haul it, its a CHEAPER and BETTER/STRONGER alternative.
Either way, weather buying raw material or buying premixed bags, the OP STILL has to figure a way to get ~16000# to site. Thats still likely several trips. So weather they are all trips hauling premixed bags, or split up with some trips of sand, some of stone, and some of portland...its still alot of trips.