Meagan, I think that R 2.7/inch assumes a perlite density of 3 lbs/ft3 similar to the ideal density for blown in cellulose? I always question how that is verified and how long it will sustain. I assume you would use borax as an anti-fungi and fire retardant? It will more than likely settle at the top plate, regardless an energy heel would be a good idea in your climate zone. I don't know what your code minimum is there but I'd be shooting for a r-30 wall, r-50 roof min. It gets pretty cold and wet there in Alberta correct if I am wrong. Mixing clay and perlite I'd agree with Christopher that it may not be necessary depending on the thickness, type, and content of clay plaster and it's composition moisture (MI), plastic(PI), and shrinkage(SI), indexes and PH levels. I would take to lab for testing myself but I am a perfectionist to design an accurate mix ratio. It would yeild a 4 hour burn wall I'm pretty sure higher than perlite alone with borax more like 2. What I mean primarily is depending on the material properties of the clay and perlite ratios, I'm pretty sure perlite would increase the MI property which in your wet climate may help manage water and vapor. Structurally, as an aggregate, it should improve PI an SI since it has unidirectional mechanical properties, similar to what fibers do to concrete mixes along with a planer mesh grids...that combination is unsurpassed. Clay-slip has similar properties if lab tested and executed right to prevent microbials and assure proper machine mixing. At best R 1.7/inch at a density of 13 lbs/ft3 IIRC....Most hand mixes are getting around R.6-.8 at best
Bear in mind it is not all about r-value, surface layer clay mass effect can take an r-21 perlite core wall with no settling issues and make it perform 30+. So IF you do achieve R21 and you can verify that by density, add a couple inches of clay plaster on anything but metal due to it's corrosion and oxide jacking issues, it should be good on the walls crack free. Regardless of what method 90% of issues on walls are due to insufficient overhangs, eave extensions, ground slopes. In your wet climate add some out-riggers to get at least 24" if need be.
Another large consideration is brace wall (shear, racking) requirements.....that resist seismic and wind lateral loads. Look at IRC 2012 table 602.10.4 bracing methods, page 173 , Method three CS or CS-WSP( continuous sheathed-wood structural panel, (or CAN Spec) see video:
https://www.youtube.com/watch?v=xTXVBxIIG5g If you continuous sheath with properly rated OSB you should be ok but, you may have higher requirements due to wind and seismic like frame-to foundation hold downs at door and window wall openings, or post. The min. nail schedule is 8D, 6 OC edges, 12 field, 1.5" penetration on 3/8 OSB but can be higher if the wall-to-eave height is greater than 10', wall dead load greater than 20 PSF, floor greater than 10 PSF, SDC "C" and above. BTW stud blocking and chicken wire is not an approved structural wall brace. Let in simpson metal or wood straps are or 3/4 wood diagonal lath panels are. If you want your own design method hire a PE.
The stone should do a decent job as a capillary break....Capillary uptake/suction is the most mysterious action and difficult to quantify......materials such as clay/lime/MGO rock aggregate ground renders that have high composite hygroscopic properties have been proven to stop it dead in it's tracks, no plastic since it is a microbial source and does not sustain especially at 6 mil....now they are going to 20+ might as well make a 1/4 HDPE
OSB: Poly/most house wraps, against OSB is a microbial disaster. I'd agree due to it's surface issues an inert isolation layer of clay or lime render cannot hurt although you void the warranty by altering the materials if you care. I use a mineral mix MGO or lime, borax, filtered clay and water mix and pump spray all my wood to help anti-fungi/ petrify it, or mineral paint...In my opinion, that help stabilize any microbial reactions with other materials and provides a protective coating from the elements. Again, please understand those properties would take some lab testing for starters so take my opinion with a grain of salt. Air seal all penetrations.
If you can get that perlite core in and from settling @ 3lbs.ft3 (or whatever design allowable it has) that should do good at preventing moist convective air cavity loops from degrading r-values, enhance air sealing along with the clay renders that only improve with higher heat and moisture gradients if there are no plastic barriers to inhibit performance and allow access to the perlite core or aggregates .