What is the most accurate sensor for detecting ping pong ball?
I've had some good luck with using the Pixy camera system. 

http://www.cmucam.org/projects/cmucam5/wiki

You get a maximum of 50 FPS and can detect and locate different objects based on hue. The library function getBlocks() returns the X and Y center location of each of the objects the camera detects. You teach the camera what hues to recognize as blocks, and adjust the detection thresholds. I use mine in monochrome infrared light by adding a visible filter and lens kit from http://irlock.com/