so you're limited to about 70mm of insulation if the floor is laid directly on top.
If you add 250mm between the joists and squash it down with flooring, it becomes 70mm, so no advantage
you can use stilts if you want, though my preference is to add cross-battens laid at right angles to the existing joists and lay your second layer of insulation between them. When screwed tightly down they will add rigidity and reduce the risk of cracking the ceiling plaster when you dance around up there.
Another method was to lay rigid expanded foam on top of the joists and put your flooring on top (no battens required). This is simple but does not add rigidity. The foam makers used to include guidance on this method on their websites, but it seemed to disappear shortly after the Grenfell catastophe.
I only use mineral wool inside my house, it is non-flammable.