Assuming this is a traditional masonry wall, at that thickness?
No comment on the chimney product selection,
@begreen knows way more about that than me. But speaking as someone who deals with old houses and metals in sometimes-corrosive environments, the age and type of masonry will dictate the concentration of salts and moisture to which this thimble is exposed, which could have lifetime implications. If very old (pre-Portland cement era) masonry, I'd be checking materials used on each option, and selecting 316 stainless outer over 304, if available. Both will work for some period of time much longer than any coated steel, but 316 is superior to more common 304 in any application exposed to salt and water.
Stove connection thimbles in old masonry walls used to be heavily-glazed terracotta, of which I have maybe a half dozen (all unused) in my house, but all indoor-only transitions between a room and a masonry chimney. I don't think they'd hold up well to weather, if penetrating the wall to outside, nor do I know if there's even an approved version of them available for today's chimney systems.