UV ray concerns:
PVC mesh fabric can be purchased with a very tight weave that allows zero UV to reach the foam:
https://www.fabricguru.com/p-sunbrella/acrylic-sling-chair-outdoor-fabric-18
Polystyrene insulation foam is very stable and inside those covers it would stay perfectly functional for 100 years in direct sun. I have boats that are over 10 years old that still looked brand new.
Outrigger stability when mounted to the boat concerns:
The fabric covers are very tight and compress the rigid foam. The PVC fabric is incredibly strong and will not stretch (which is why they use it for chair seats). I have seen zero tendency for the foam to move around once it's zipped up tight in the cover. Layers of the foam are glued together and once finished behave like block of plastic... (which is what it is..). At a width of only 8" This would not be a concern imo. You could easily glue the foam to the cover before zipping it up but that works against another nice feature which is ease of serviceability. Glue is a one way street....
The outrigger is mounted to the boat with aluminum bars that would be bolted every 24". When they were mounted and properly stretched between the bars, the outrigger would be nearly impossible to move more than about 1/4" in any direction. This is more than adequate stability imo, but we could beef up the mounting to include the through bolts and plates, although I think that method is ugly. Lastly you could also glue the outrigger to the side of the boat as part of the installation, but that again is not necessary imo.
Reverse Chine claims:
the reverse chine is simply a natural result of bolting a rectangle to an outward leaning side wall. It may have some small handling benefits, but at most normal speeds and conditions the effect would be minimal. On a 14' boat with a 25hp motor it would be a non issue imo, but it does provide a very clean edge that would reduce spray. The real handling benefit is in creating a boat that is functionally 16" wider than the current boat..
And of course the best benefit of all is cost... a pair of 12' outriggers could be made for about $300 cost of materials and sewing labor.