Dennis,
I have been using the Marmot Helium EQ for a year or two now and my hiking buddy has the Marmot Helium.
Both are great bag and I can tell you that the EQ is completely waterproof, if you seam seal it.
That said, I would recommend that if you are getting the Marmot, get the regular Helium, save the weight and get a bivy bag.
My EQ was my 1st down bag and I am very paranoid about water.
Knowing what I know now, save the weight and money and get youself a nice bivy bag.
Mountain Laurel Designs makes some bivies in the 6 to 8 oz range that will serve you well and a bivy will provide additional warmth.
That said, the Helium in both versions are great bags….I have even used my 15 F EQ down to 5 F by laying up my clothing and using my MLD Soul Side Zip Bivy.
The temperature ratings on the Heliums are accurate, but I suspect that the final weight of the bag is going to be off….could up slightly under or over what is listed.
I absolutely love the interior fabric of the Helium…it feels like silk, but is not down proof…get used to losing 2 feathers per usage.
The Helium is also wider cut, some people like or dislike it.
There is also no chest gasket/baffle, but the hood cinches up so nicely, I don't find that it is an issue.
Hope that this helps.
-Tony