I'm 6'0" and 205lbs. I have the regular length Summerlite and it fits me albeit a bit tight. I can't wear a whole lot of clothing underneath.
I'm a cold sleeper. When I've slept out (no tent), I've been cold in the 40's. When in a tent I've been comfortable to low 30's/high 20's (note: I was wearing a couple of layers at the time).
I find the bag is not good at all when exposed to a cold wind. One needs to have a good windbreak (tent, wind blocking tarp, etc.) and can't just sleep out even in the high 40's in my experience.
The Summerlite is a very cool bag. I can pack it in a Prolite 4 stuff sack. It's not that the WM stuff sack is all that heavy, but the Summerlite is that compressible.
BTW, I have a Mountain Hardware Phantom 15 (1 lbs, 15 oz), so I just take the bag that seems most appropriate for the weather, so I didn't have to agonize over the "if I'm only going to have one bag, should I go with rating 'x' vs 'y' decision. I got my Summerlite on eBay to save a few bucks and I got the Phantom 15 on a steep mark down ($100+ off).