My opinion, I think you schould use mounts, it takes a little longer if you cut them, but it is easier to rearange and creat a new page. if you use hinge you are in risk to tear the stamp if youwant to move it.
I think you schould set up the stamps that you have most, you can organise by year or by thema,there is a lot of ways to collect and set up pages. The Countrys where you do not have that many stamps I suggest you place in a stockbook until you have what you think is enough stamp from the country to start mounting.
I collect Belgium at the momment and one of pages looks like the bellow:
