I am using EBS volume to store MySQL data. I do have enough space on ephemeral device as well. I will move the data to /root/, provided it will improve the query performance
Always remember that Ephemeral storage will be lost on stop/start cycles.
I would be wary of anyone saying EBS is faster than ephemeral storage, I have read more than one real world experience saying that EBS is less performant than ephemeral storage. A recent article I can remember the link to is DuckDuckGo's experience: