Honestly, if full voice acting is too big of a budget sink, I'd completely settle for a compromise like the old-school RPGs used to do. Just give us fully localized voices for the main companion intros, key story cutscenes, and combat barks.
Leaving the standard exploration dialogue to text-only with just a few atmospheric grunts makes it way less jarring than hearing an entirely different language than the subtitles you are trying to read. Plus, it would save Larian a ton on studio time while still giving the localized versions some much-needed flavor.