My imperfect understanding is that it is the spider that mostly controls the motion of the woofer, and the main job of the surround is to keep the woofer aligned properly (actually, the voice coil aligned in the magnetic gap) - in gross terms, to keep it from sagging. It also seals the front of the baffle from the back, and oddly even felt or cloth does an adequate job for non acoustic suspension speakers. You might think that a flat suspension would limit the excursion of the woofer, but there is a modest amount of give in these materials, and so they work for drivers not designed for high excursions. (And I had a pair of the MicroAcoustics speakers that were similar to the Bose 301s which someone had resurrounded with red velvet(!). They sounded great, but I don't listen at very high volumes - people who use tiny speakers for headbanging might have problems. (As a public service, I will refrain from getting into a rant about Bose and their suing everyone who uses the same obvious ideas that Bose uses.)
So I believe that foam surrounds would be fine, but I think it might be fun to cut out and install green felt surrounds, and then you would have matched pairs without having to do all of them.