Andy,
I've never plastered over expanding foam before...... I suppose if it was a little patch out of the way it would be ok, with some tape over it, but if it was a large area of wall lower down, that could be knocked against, say by the back of a chair, settee, a table, or kids etc etc, it wouldn't take much to damage it. I see the thin coat of multi over the foam more as a shell,,,,,, would you go through it? I don't know..... Why not try a sq yd and see....Maybe some else on here HAS plastered over a larger area.... we'll soon find out..
...........How large an area of foam are you talking about,,,, whats underneath/behind it,,, and what's the overall thickness of it?
Roughcaster.