I certainly don't have the experience to say what would be best, but one common misapprehension that I have noticed in this area is the idea that some sort of refractory is needed. Since the boiler cannot get any hotter than the wet steam inside it, and since that cannot be any hotter than the slightly elevated boiling point of the water at 100 psi, it is not actually necessary to use a refractory material. Refractories can stand very high temperatures, but may not be as good an insulator as some other material that cannot stand such high temperatures.
Another thing to bear in mind is that may good insulators actually depend on entrapped air to provide their insulating properties. So if the cleading puts any pressure on, they may crush down and not provide much effective insulation. Also if the material manages to absorb water or oil the insulating properties will be greatly reduced, at least, in the case of water, until it boils away.
This is all quite apart from the question of whether or not a quite thin layer of insulation will really do any good. It might help save the paint, although if the paint is on the cleading it may be that a thin layer of insulation will not make much difference, because the thermal resistance to the air is higher than that of the insulation.
John