I know you ask about 16" or 24" studs but let me tell you what I did. I put 1.5 inches of foam against the purloins, then I bought 55 foot rolls of four inch thick by 4 and 5 foot wide rolls of fiberglass insulation from a pole barn supplier. My posts were 9 and 10 foot apart in places. Then I attached purloins on the inside of my 5 1/2 inch thick posts. To these, I am going to attach my plywood for wall up 8 feet and metal up the rest of the 6 foot. Doing it this way gave me an easy place to run my wiring, air lines and water lines. The inside purloins give me a wide place to nail, there are no gaps in the insulation either. The 4 x 8 sheets of foam are butted tight also. I plan to put a 1 x 6 on the joint between the metal and the plywood which will allow me to have a nice access if I want to run any additional wire, etc. I plan to paint it a different color as an accent. I was concerned that the purloins might have some flex but after the insulation was in, they are stiff. The pole barn supplier said I could get 5 foot wide roll insulation if I wanted. We simply pushed the insulation up between the top chord the trusses sit on and it trapped it for us while we nailed the new horizontal purloins. Another benefit of pushing the insulation up is that when you blow insulation you have a stop so the air can flow up from the overhangs and you do not blow it on the overhang.