I'd love to say there is a simple answer, but there is not, there are too many variables
However you can break the problem down.....
The sizes you select mostly depend on what the capabilities of the fab you are using.
For low cost, reliability, and high yield choose the largest vias and largest traces you can, while keeping annular rings as large as possible and traces well spaced and as wide as possible.
Take a look at the capabilities of you chosen supplier(s) talk to them and ask their advice, after all are the ones that have to guarantee they can make it. e.g. Graphic's Capabilities
Graphic PLC, like others, quote standard, low-yield and development feature sizes.
More than anything else, your escape plan will also depend on the parameters of your PCB.
How many layers do you need? How many rows to you have to escape in your BGA?
Generally you need (N/2)-2 layers, where N is the largest number in the number of rows or columns in your BGA. However, if you use microvias things get easier. Remember you don't normally need to escape all the signals, GND and Power can often go direct to the planes.
So, decide: Are using conventional vias, blind vias, buried vias, microvias or microvia-in-pad?
The minium dimensions of the via drill are partly controlled by the layer pair thickness (2:1 is a good starting rule) plus type of PCB material. Harder, thicker materials means bigger drills.
Are you using 18um or 36um copper, you might want the latter if some other part of your circuit carries a high current or perhaps your signal integrity rules play some part in you decision making process? Bigger copper means more undercut which means more tolerance needed.
So first you need to decide what board construction you can stand given your cost constraints in the volumes you are interested in buying, then base your design constraints on that by looking at the capabilities of the fab you want to use and the technology you require.
The reason manufacturers use finished hole sizes is that the drill required is 0.1 to o.2mm larger than the finished hole size. So if you want a 0.5mm finished hole, the manufacturer will drill it 0.7, then plate it down to 0.5 with 0.1mm of copper. So the finished size seems small, but a larger drill can be used.
Don't be so scared of small feature sizes. You will be surprised just how small the drills can be, e.g. Graphic can drill 0.15mm holes using a conventional drill if the material is 0.2mm thick! However, smaller drills are more expensive as they break more often so need replacing regularly (ideally before they break) As they use more of them and being a bit trick, they cost more to replace.
The minimum size of the via pad is defined by the drill size and the drill tolerance. Usually drill size (not finished size) +0.1mm is a minimum. But that depends on yield and manufacturing tolerances. Obviously bigger is better if you have room and you are not working at 10's of GHz.
Ok a worked example:
Using a 358 pin UBGA part, an Altera Arria GX.
Looking at Graphic's data, I can select a 0.25 finished hole (i.e. 0.45 drill) with a 0.45 annular ring. I'll tent the top side.
Excluding power pins, I have 5 rows to escape. Ideally i'll need 4 layers.
Let's try without anything exotic (reducing cost)
vias 0.25 finished 0.45 pad
tracks 0.15mm, min gap 0.1mm
Stock BGA pads on library symbol are 0.45 Not mask defined
That looks like this:
See we managed it on three of the 4 layers, and it looks like we can still make some improvements; We could reduce the track and increase the annular rings or go microvia-in-pad for reduced layer count.
I don't know Eagle specifically, but if it's like the tools I know, it has a "hotkey" to quickly switch back and forth between units. And another hotkey to switch grids.
What's usually done is to set up two (or more) grids, and use the hotkey to switch between them. While routing the BGA, use the metric grid. Once you get your line routed out of the BGA region, hit the hotkey to switch to the imperial grid. Jog the line over to the new grid, and route it wherever it needs to go.
Most layouts aren't routed strictly on a grid anyway. You can just route lines as close as the design rules allow, without worrying about a grid (assuming low speed digital signals, where you aren't worried unduly about cross-talk). Some tools have special routing modes to make this easier, for example by having a new line follow an existing one. Or by "shoveing" the old line out of the way to make just enough room as you route the new line.
Best Answer
I would call SeeedStudio and talk to their manufacturing (or CAM) department. Different shops write their specs in different ways, and it's costly (in both time and money) to misinterpret what they're trying to say.
In the manufacturing process, first the hole is drilled, and then it is plated. The plating causes the finished hole size to be smaller than the drill size.
However, Advanced Circuits, for example, assumes that the hole size in your design documentation is what you would like your finished hole size to be. So, if your drill file has a 10-mil drill, what you get is a 10-mil finished hole. They automatically increase the drill size so that the finished hole size is what you specify.
(I am not affiliated with Advanced Circuits, but I have been very satisfied with their services)
So, give SeeedStudio a call (or an email) and see what they say :)