If your pipe is under external pressure, UG-27 does not apply and you can ignore it.
It looks like you're doing the external pressure analysis correctly but I'm not sure why you think the final thickness needs to be around 1". You went through the calculations correctly for a thickness of 0.31 with the exception that you shouldn't try to extrapolate factor B from Figure CS-2. The minimum value of A that can be used for Figure CS-2 (assuming 300 F) is around 0.00018. When that happens, then per UG-28, step 4, it says:
If you go to step 7, it provides an equation for the allowable pressure. Putting the values in with A = 0.00006 gives a pressure of around 8.6 psi which is clearly not sufficient for what you need. You need a value of 14.69.
So now you need to iterate. Increase thickness a bit. Note that this step by step method results in a highly nonlinear result for Pa. Try for example, a thickness of 1/2". In that case, you get:
L/Do = 27
Do/t = 87
Now go back to Figure G and determine Factor A. To me, it looks like A should be around .00015. Looking at Figure CS-2, we find that factor A is still to the left of the lines on the graph so again we go to Step 7 and use that equation. Now you should find Pa = 33 psi which is greater than the value you need (14.69) so 1/2" thick plate is sufficient and it could even be made thinner.
Try iterating a few more times and see what value of thickness results in a value of Pa = 14.7 psi.