It really is very easy to figure out:
1 cubic foot of water weighs 62 pounds
1 cubic foot of 2 part closed cell foam weighs 2 pounds
So, 1 cubic foot of foam gives 60 pounds of buoyancy
1000 pounds (full boat) / 60 pounds of buoyancy = 16 cubic feet of foam required
That is roughly a 4 gallon kit of two part foam; 960 pounds of buoyancy... Each 2 gallon kit is 8 cubic feet of cured foam.
The requirement for "upright and level floatation" mandated by the USCG is intended to keep the vessel, when completely swamped, right side up. Depending on the weight/ballast distribution of the hull this could mean as much as 30% of the buoyancy foam above the lateral center of gravity (COG). IOW you may need to add foam higher than just below the sole. The best places to take the foam above the lateral COG are at the four (or three) corners; port and starboard at the transom and either port and starboard at the bow or just a nice big area at bow (if you have a 'pointy' bow). Be careful when using foam that is not USCG approved. Not all foams are created equal; some will break down in contact with fuels/oil, some will absorb water faster etc... USCG approved foams have been tested for these conditions and are known to work.
Foam could save your life and may be required in some states and on some bodies of water regardless; but you should also consider the next owner. If you sell the vessel and loss of life, limb or property results from the modifications you have made it will open you up to liability; both criminal (less likely) and civil (more likely).
I'm not a lawyer, but I play one on the internet!