Vermiculite around your liner is no longer to code in Many places, because if you get a split on the lining if will pour out into your liner like sands in a hourglass. If you are going to the trouble to build a fireplace for an insert, you should still line it w/ clay tile (probably an 8" round or 11x11 square) and make a proper smoke shelf.... you may not own that house forever, and the next owner may want an open functioning fireplace instead of a regency insert. Once the chimney is complete, dump a roll of 6" flex liner down thru and connect into the insert. With the clay tiles built into it, i don't think you would need to bother w/ the insulation from a safety perspective, but since its an outside chimney you may want to wrap it with the mineral wool (a 1/2 thick blanket should suffice..25' for @ $250) to keep the flue warm when the masonry is being pummeled by below zero temps, which can adversly affect your draft. The tiles shouldn't have any issues w/ cracking, since the stainless liner will take all the abuse, and this whole setup will be a very modular thing that can be removed and reinstalled easilly. Just m,ake sure the tiles you install are large enough to accept the 6" liner and insulation
it will be around 7-8 inches in diameter when all is said and done