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I personally wouldn't use chipboard and would just put 25mm WBP ply onto the joists (With noggins)
You don't need to prime the face of the ply. If you were using the ply as an overboard, you would prime the bottom and edges of it, but not the face.
You don't need insulations boards, but, they do what they say on the tin. It will be more economical in the long run. Ply isn't too bad for UFH. Uninsulated concrete is the worst and would definitely require insulation boards.
Thanks Matt - I'll skip the insulation board.
Can you recommend what kind of prime to buy/use? Is it for water resistance?
Also I need to find out how to make noggins..
Cheers.