I don't like either approach.
I would instead cut a rectangle out of the floor of the cage that is 2" longer and wider than your heat-pad. Keep this opening at least 2" away from the sides of the cage. Farther if you used long screws or some other fastener than needs to be avoided. Also route a shallow groove for the cord to run out the back.
Then laminate your FRP over the entire floor. The heat-pad can be attached to the underside of the FRP and it will transmit heat well. Use the properly rated foil tape to attach the heat-pad.
The will give an air space to your heat-pad which increases safety a bit. It also makes your cage lighter. You can also put a small piece of Reflectix (a type of insulation) inside of this air space.