The R value of 1.25 is probably the strictest reading of the table although a case could be made for 1.5 "Tanks with unanchored and unconstrained flexible base". Intuitively however, fiberglass would seem to be closer to steel in terms of flexibility, ductility, etc. and using the conservative values based on "other materials" might be a severe penalty.
Having faced this issue a year or so ago, the research led to the 2003 NEHRP (Chapt 14) which specifically lists fiberglass in the table. (I hope I remembered the reference right). The R value in that document is 3.0.
Good luck.
rd78