Man, shipping those two is such a delightfully weird corner of the fandom. A lot of stories go for the classic enemies-to-lovers arc, obviously, but the real fun is in how they get there. I've seen tons of fics where Luigi gets captured and held in the Paranormal Dimension, but instead of straight-up terror, it becomes this strangely domestic situation. King Boo starts out torturing him with pranks and spooky illusions, but then it gradually shifts—maybe Luigi starts fixing things around the castle, or they argue over ghostly politics, and the malice turns into begrudging respect, then something else.
Another huge theme is power imbalance and redemption. King Boo, this massive, egotistical monarch, being genuinely intrigued by the one mortal who consistently stands up to him. Luigi's fear is always present, but his underlying kindness becomes a catalyst. I read one where Boo's attempts to haunt Luigi keep failing because Luigi just feels sorry for him, offering him a 'cup of tea' via a seance. The sheer absurdity of that image is what makes it work.
There's also a subset that leans into pure, cracky comedy—Boo forcing Luigi to be his royal consort for diplomatic reasons, or Luigi accidentally becoming the ghost king's legal advisor after winning an argument in paranormal court. The juxtaposition of Boo's dramatic, theatrical evil with Luigi's anxious, mundane practicality creates endless scenarios.