I feel the same way, I would really like to see just exactly what the UL listing says. My recollection from Elk and others is that IF a chimney is already UL 1277 compliant, and the liner is being installed ONLY to meet cross-section requirements, then insulation is optional, no matter what the liner is made from - haven't really seen any challenges to that, although it can be debated just what it takes to prove UL 1277 compliance in a chimney you didn't watch them build.
OTOH, if you are installing the liner to in order to meet UL 1277, - i.e. unlined chimneys, damaged tiles, older metal insert stacks, or any other situation where the chimney wouldn't be UL 1277 without a liner, then ALL flex liners must have 1/2" insulation on them in order to be qualified to bring the chimney into compliance... (an inspector might let you slide if the fit is to tight to get the insulation in...)
From the code quoting that was being tossed around at the time this was discussed / beaten to death / the insulation was part of the UL 1277 requirement, NOT a vendor specific item like getting a less than NFPA clearance number.
IOW, Until I see a specific document stating that Magnaflex's liners are UL 1277 compliant without insulation when installed in a NON-UL 1277 chimney, I frankly don't believe his claim that they are!
As a side note, when installing my Encore, I had purchased a welded stainless "T" from a local stove shop, which was very nice except that the arm of the "T" where the cap went was longer than my old steel pipe "T". Since my flue essentially requires that it be cleaned from the bottom, I was concerned about the clearance between the hearth and the bottom of the "T", so I swapped with Elk for a "T" that he said came from Magnaflex as an unused part from a kit purchased for a donor install, and that had a shorter cap arm. After I got it home and examined it more closely, I was NOT impressed by the quality... The cap had visible gaps between the side wall metal strip and the bottom peice. the side arm was screwed onto the main tube rather than being welded, and I've had to seal leaks at that joint with refractory cement several times. It is the only part of my install that I don't feel totally comfortable with, and I suspect that I may change it out after burning season is over.
Gooserider