Hello Spokenword, and welcome to the board. Sonex huh. Well, let me clarify something first. I am by no means a guru on this board. Just a little more enlightened than your average Homerecording enthusiast. But I do have an opinion although foley is out of my area of expertise. Hell, I'm just CAD draftsman with a home studio, although I've read a lot.
As to my opinion, Sonex is the industry standard for architectural looks as it is listed in Architectural specification catalogs such as Sweets. High dollar environments such as broadcast, film and TV studios which are designed by Architectural firms who are not really acoustically oriented, often have products such as Sonex specified, which may not be the best for music recording studios, but are fully within the acousical performance criteria needed and are also "architecturally" attractive.
You are right though, as it is very expensive, compared to other products, such as Owens Corning 700 series rigid fiberglass products, which perform much better, at a much cheaper price point. However, you may not need a broader band of absorption, as you are not recording music or vocals, or even dialog for that matter.
So offering an opinion on other products use in a Foley room would not be appropriate though, as I have no idea what you are recording, although I suspect it is overdubbing live sound effects while you preview the film. Is that correct? I would also suspect it must be done in a highly isolated environment, with the ability to alter the RT-60 of the room, but that is just a guess. Maybe you need a totally dead environment and artificial ambiance is added or mixed with the live film audio track at edit time. As you can see, it would be pure conjecture on my part. But I see it used all the time in environments other than music recording studios, and even in some of those too, such as isolation booths although I wouldn't have personally used it.
But if it WERE up to me
I would specify fabric covered 703 rigid fiberglass panels of varied thickness and size, some with large louvered panels for altering the absorption which also will contribute to diffusion if designed correctly, and Slat absorbers for low Hz absorption if needed. Of course, I'm a cheap skate,
so what can I say.
fitZ