I built a house with 2500 sq foot slab using radiant PEX.
I considered the blue 2" foam, but because I was installing a new floor in an old warehouse I had to remove dirt and the old asphalt floor I went with Insultarp. Removing two more inches of dirt to make room for teh foam would have been too expensive, but part of the floor area had old foundations and slabs from many years ago that could not have been removed without killing our budget. Time was also a big issue during our project, and our crappy floor contractor was incapable of leveling the underfloor well enough for foam if I had tried to use 1".
This is our first winter, it is 7 degrees after a week of 20 degree temps. Our floor is holding 76 degrees. Our system is a geothermal heat pump, so no boiler to crank up to 85 to really cook our feet.
If I do the other half of the building (my garage), I will try to use the foam.
Insultarp was easy to install, but it is really heavy and not cheap for the portion I had to buy new. I found some cheap that someone had left over so only had to buy about half of at full price. Taping it is not so easy and they wont even recommend an actual tape that works, you just have to guess.
My concrete guys SUCKED, and forgot to pull the tubing up into the middle, but the floor is still warm. My place is heated via floor and air, so quite comfortable even thought the floor probably couldn't do the job alone. I do have 14 foot ceilings and exposed brick walls which makes things a little more challenging.
My point is that the blue foam is probably better than insultarp, but sometimes it just isnt practical. I looked at all the tarps, bubbles and whatever, and the insultarp has some super thick bubble wrap, 2 layers, some white foam sheet, and three layers of tarp. The packing bubble wrap with foil wasnt even a consideration.
I did use the 2" foam on the outer edges of the floor to keep from trying to heat the walls.