Jim,
Thank you again for the excellent information. I didn't realize that the plaster was approximately 2" thick! That is substantial and I can see how that thermal mass would greatly change the equation in a favorable direction for straw bale.
It's funny you mention Jacob because as I was reading your reply I was recalling information from a book I have in my library, The Natural Building Companion, which just so happens to be co-authored by Jacob.

In the beginning it talks in great detail about embodied energy and it was through this publication I became aware of some of the embodied energy numbers surrounding specific materials. One example I was surprised to learn was just how toxic burning PVC can be for the environment.
I took a look back in the book and it looks like even though cellulose is a low embodied energy material, straw is roughly 1/8 the embodied energy by comparison so this is another argument in your favor. A chart in the book compares the two with cellulose at 2.12 and straw at 0.24. This is a dramatic difference!
On that note, I can see how there is a reasonable trade off to be made where straw is basically unsuited for the job like gable walls. Preferring rockwool over fiberglass when needed also make sense given its substantially lower embodied energy compared to fiberglass (16.8 vs 28)
Thanks again for the info!