If you use the paper-backed, you should use a utility knife or something similar to slice it open here and there. You don't have to shred it; just a few foot to three foot long slashes here and there will be enough. It might be cheaper, as others mentioned though, to buy unfaced insulation - worth checking on unless it's not on sale like the faced stuff you're looking at now or you need the facing for some other reason like dust containment.
I'll let you be the judge on the other suggestions - blown, etc.. Keep pets & kids away while you're working with it; tough on the lungs eyes and skin.
HTH,
PopS