The best Larch hike in Banff is to take the sunshine bus up to the base of the ski hill (about $20) and walk to Healy pass and then out Healy pass. Not much for elevation and in the Larch area for about 12k. Avoid Larch valley unless you are at the trail head by 7am even then it's not worth it.
The hike up you can reach out in front of you and touch people.
Ptarmigan cirque or Chester lake are much better options in K country.
As for timing I would say between the 20th of Sept and 14 of October is the best time.
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