With four external walls and a floor, I wouldn't have got too hung up on insulating it unless you are planning to put heat in there for a specific purpose, like somewhere for the dog to sleep at night. However insulation is cheap. If you are talking about the double foil sided foam sandwich then, yes, they have a much higher insulation value (about 2x). You can get them in various thicknesses at 10mm intervals and 50mm works a treat inside the cavity. Unless its going to experience high exposure to driving rain on the outside, the moisture won't come through the foam insulation. Porches are not covered by Building Regulations.