I can't speak to the actual temperature rating but I like the concept of down inside a synthetic bag or quilt. Down provides broad comfort range similar to other absorbant natural fibers- but with the achilles heel of loft collapse once it's saturated. By using a synthetic outer layer, even in very humid conditions the dew point will be in the synthetic insulation, not the down. You get the advantages of light weight, compressibility, "drape, and thermoregulation from down combined with higher moisture tolerance from the synthetic.
That said, I see two weaknesses:
1. A 20 degree bag- even synthetic- can be lighter than the combination of bag + down insulated clothes for the same sleeping comfort. Of course the insulated clothes can serve double duty as clothes. This brings us to:
2. Down clothing is probably the worst choice to wear outdoors in temperatures around freezing due to problems with moisture. Woolen and/or synthetic insulation are best for cold with damp.
Also the system has a lot of components. Good for flexibility but might be a hassle.
I like the concept for winter, arctic, or expedition use.
For cool/wet conditions I think a woolen base layer and synthetic insulation layer make the most sense for comfort, warmth, and safety margin.
Certainly do not use a vapor barrier over down. In my experience a vapor barrier sleeping bag liner works well over fairly thin synthetic insulation such as polypro and pile. With too much insulation you will get condensation inside the vbl and that is very uncomfortable (unless you're accoustomed to vinyl or latex clothing). Also at temperatures around freezing or higher your thermoregulation might be difficult. I feel that a VBL has a comfortable range starting about the point that the bag without it was starting to feel chilly, then it gives you another 10 degrees of comfort.