I love PVC foam myself. I mostly use 5mm and 1mm sheets. I find that it paints well with no priming. I'm not sure it is a 1:1 substitute for pink/blue insulating foam, but it does work fine for basing. Foam core with the backing pulled off is ok too, but it can be a bit dainty as the foam is relatively soft and dings/dents easily. I'm sure some foam core is more resilient than others.