I've tried both of these jackets out breifly before settling on an Arc teryx Nuclei. If you're long and lanky like me, the Atom LT is going to fit better. I returned the MB Thermowrap I bought a couple years ago because the fit was just too boxy and too short for me. In contrast, Arc teryx XL fits my 6' 5", 225lb frame exceptionally well.
That being said, the warmth is probably pretty close, depending upon how you use them: 50g insulation w/ no hood (Thermowrap) vs. 60g insulation + the stretchy side panels on the LT. Have you considered the MB Thermowrap Pro or Thermowrap Sport? The Pro has 80g insulation and a hood, while the Sport has the stretchy side panels like the Atom LT.
Personally, I'm really happy with my Nuclei for non-to-moderately active pursuits in cold, windy conditions. Perfect fit, super light and very comfy.
Good luck in your quest!