OK, I see what your goal is. I have opinions of course!
First, lets talk about other methods. Turns out that a radiant heat panel or an additional CHE will do the job for you, without needing Flexwatt.
What I have found using CHE's and/or radiant heat panels is that the end result is very much like Flexwatt - the snake's mass is warmed, rather than the air (although of course in a closed cage the air temp can rise due to any type of heater.)
And contrary to what many believe, bottom heat dries out an animal just as much if not more than radiant heat from above. I actually see better humidity levels using CHEs and RHPs compared to undertank heat.
So here is a suggestion: Have one CHE (like a 30 or 40 watt) on one end of the cage, and then have another (like a 60 or higher) for the other end or the middle for the main basking area. Using 2 CHEs in a large cage is better than one single ultra hot CHE. You must use a controller. If you put the probe under the higher wattage CHE, the lower wattage CHE will always be cooler. Have both CHEs plugged into the controller. I recommend any proportional controller for this - less headache.
If you still want to use Flexwatt, I recommend the expanded PVC, often called Sintra. You can get it at sign shops or order online (shipping is often high). Sign shops often have scraps or else they will order it for you. They can cut it to size too, although it is the easiest plastic to cut - easier than acrylic. You can carefully score it (use a metal straight-edge as a guide) many times with a utility knife, then bend it to break it, or you can use a saw, or just keep scoring over and over with the knife until it breaks thru.
As far as air space - overrated. Flexwatt can't get too hot if the heat is conducting to a mass, which in this case is the PVC and snake. Of course you need a temp controller. If you can, get the lower wattage Flexwatt - the 17inch wide stuff - as I think is is about 20 watts for a 17x11 piece, vs 20 Watts for the standard 11x11 stuff sold. That is nearly 1/2 the watt density for the 17inch wide Flexwatt. I think the Bean Farm has it. A bit safer than the 11 inch for enclosed areas. So, I wouldn't worry about air space when using the reduced watt density Flexwatt. Its funny that people always say to use an air space, then you look at all their racks and cages and there is negligible air space to speak of. It is one of those regurgitated pieces of advice that everyone says but almost nobody follows perfectly. PC for sure.
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Mark