When importing a Secret Recovery Phrase (Seed Phrase) MetaMask only supports the default BIP44 derivation path (m/44'/60'/0'/0).
Currently you can only use Ledger's derivation paths when connecting a Ledger hardware wallet (you get options for Legacy derivation MEW/MyCrypto, Ledger Live, or BIP44). MetaMask team is looking at adding more options and customization, custom networks may use different derivation paths.
At this time Trezor hardware wallet integration only supports BIP44 derivation path.
To better communicate the importance of never sharing your seed phrase, MetaMask has changed the name of the phrase to "Secret Recovery Phrase". Learn more here