I've scanned old airphotos for an area in peru. I scanned them using 900 dpi with TIFF format, and the digital result was very good. It took about 10-15 minutes to scan each photo.
unfortunately its a while ago, so I don't remember the rest of the scanning parameters I used.
My photos was a time series with 10 year interval from 1949 to 2009. I had some issues comparing the rasters after georeferencing since the resolution of the old photos were worse than the newer ones (and also physical changes in the terrain, such as changed stream of a meandering river)