Is insulating the outside of the block wall a possibility?
By doing so you'd be using the mass of the wall as thermal storage. If you do go this route the only thing I know of to caution you about is that if you live in a very cold climate and the wall and insulation extends below grade the ground outside can freeze and expand pushing in the wall. I heard this from a contractor family member but he said it applies mostly to situations where the soil is very compacted because the house was built long ago and the drainage is poor.
I'd really like to know if clay or plaster on the interior would work in a situation like this or will the differences between these materials' affinity for
water and that of the concrete cause problems with its integrity or the buildup of moisture in the wall. This appeals to me more than using a concrete based material if it works good.
I'm also working with a concrete wall (mine is already well insulated on the outside) and considering using a product called thorocoat to cover the interior because it's supposed to have the same permeability to water vapor as the block. I don't know much about it yet in terms of cost or potential hazards, or if it can be mixed with perlite or vermiculite but I'm guessing it could be.