Hello Carl,
I think you have it described very well. The "INSULATOR" is what we are calling tar mat. It is thick (2mm) tar-paper adhered to bare metal covering the floor, tunnel, and I have seen it on the rear deck (HLS30-00332). I have new "INSULATOR" material and it is flexible, but will not fold as it is impregnated with a fibrous filler. I suspect the tar mat will adhere to the floor with a heat gun application. It was used for sound insulation. I understand the 432-R did not have this material for weight reasons, Alan?
Kats' jute pictures show a light brown fibrous "JUTE" mat. I think our old stuff was soaked in a solution that leaves it "sticky" and dark (see my tunnel jute picture), but it is very fibrous almost like a horse hair material. Old Porsche jute is very similar. The jute covers the floors, tunnel, and rear deck.
Now here is where it gets a little strange. I understand that the stock original 240Z import came with "rubber" floor and rear deck mats. See my picture of the rear deck mat. It has a leather texture, 2mm thick foam composite vinyl. Mdbrandy's picture looks like the floor mats, but I need to confirm.
The tunnel was covered with diamond patterned interior vinyl, contact cemented to the jute which was contact cemented to the tar mat. The floors and deck were loose laid and the rubber mats were either snap fitted or Velcro fitted. My car has both.
Evidently, rubber mats were not a big hit in America and carpeting is very common. The Japanese version ZL came with carpeting in place of the rubber mats.
Take a look at your materials closely. It sounds to me as though you have two layers of jute.
This picture shows the tunnel jute removed and the tunnel tar mat remaining with remnants of the dark brown jute fiber and yellow contact cement. Notice some of the tar mat (brittle from age) chipped off next to the seat mount revealing bare metal.