Hi Rich,
I`d go down the dot & dab route.
I`m slowly working my way round a very big victorian house striping the old addled plaster off the walls & any external walls are dot & dabbed with Thermaline 35mm insulated plaster board.
I can`t go thicker as I`m matching up to the front face of the architrave around the windows (right hand side of photo) & then pinning a cover strip over the join
I pay £20 a sheet & the best tip I can give you is to buy them as you need them, like veneered board without a balancing veneer insulated plaster board warps. I fetch mine from the merchants so I can check they been stored correctly & aren`t bent.
Also, if you do use them, once you`ve got your first board on run a line of adhesive down the whole length of the edge of that board running your trowel at an angle of 30 degrees**,then butt your next board into this. This will stop a crack forming in the plaster down the whole length of the board joint later on, you commonly see this in new houses & I think it looks 5hite.
Other than that, just make sure you don`t have any damp spots anywhere before you start & on porous backgrounds I like to lash the walls with a couple of coats of watered down PVA.
** No jig necessary, can be done freehand but jig if it aids confidence. Angle not critical & a single bevel is fine
& finally if you`re lucky you`ll find lovely lath & plaster like this