This is a ton of heat! Considering the fact that many basements are basically heat sinks to the earth, this is an easy fix! I'm sure I have in excess of 30 feet of 3/4, 1" and even some 1 1/4" combined in my basement, if I go with the 3/4" heat loss this means I basically have a 3 foot finned baseboard (1500BTU) pushing heat out not only at every call but also bleeding out anything it can leech on the boiler side of the flow valves!
I for one will be getting some of that foam for my pipes for this winter! I remember watching an old black and white promotional about two similar households that had boilers and this was their main drive - insulate the basement pipes!
Anyone with any experience or favorite insulating products, I'm all ears! (except asbestos of course...since I can't buy it anymore ...

