Cellulose...
Insulated a few homes with cellulose, including my parents home in NYC ; I would classify it as a humid area. Basically opened two holes, near top 18" down/ a third from bottom of each stud, feed each until the blower bogged down. Even with the packing, still settled 2-3" over 35 years, which is not a major concern to me. Moisture is not an issue, even with no vapor barrier ( house 100 years old..wood shingles, pink craft paper, leaky clapboard, 4" studs, 5/8 sheetrock, oil base paint).
As to a vapor barrier, oil base paint (primer) is a fairly good barrier. Had the chance to open a few studs due to needed wiring, BX wiring had no moisture issues, neither rust or powder build up.
Nice part of cellulose (at least the stuff I purchased), is the fire retardant. In 1996 my parents home had a major fire in the basement due to spontaneous combustion (contractor.. turpentine, laquer thinner on folded drop cloths), the cellulose stopped it at that level, the stuff just would not burn. House has balloon framing, without the cellulose it would have burnt to the ground before the fire department arrived. Funny part, the Fire Marshall thought I started the fire, almost arrested me for attempting to fry my mom.
Has a lower R factor then foam, but I give it a definite thumbs up.
Now with all the repairs to this house I wish it had burned completely.
