“What do you think of the following plan?”
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It’s coo coo. 🙂
You don’t mix exterior foam with housewrap. It’s one or the other not both. Use the foam (exterior) since it will act as both insulator and air barrier.
Keep the cellulose in the walls and add nothing further on the interior.
Painting boths sides of the drywall is a waste of money and time. Latex paint is not a vapor retarder and doesn’t have to be.