If you are looking at doing the insulating drape AND sprayed insulation, I'd just forget the blanket and go for the spray.
Don't worry so much about the R-value for this building...if you are planning on some spray anyway, just use the depth you originally considered...you will gain more from this due to eliminating air infiltration than you think. I used to be involved in designing and building large (200,000 sf and bigger) freezers in states like Texas and Florida, and when we did the analyses, even 1" of insulation in our method of construction performed VERY well...all infiltration was eliminated. Of course we always went with 6" because the architects wanted it and we sold more insulation!
Consider Hardi panel for the interior sheeting. Do everything you can to make the doors and windows tight.