I stumbled into a stunning deal on a Phantom 45. This weekend will be its inaugural trip (I'll also be using my Big Agnes Fly Creek 1 for the first time). Mild conditions are forecast, but I'll report back.
My bag is last year's style, with the 3/4 length zipper, and hits the scale just shy of 19 oz. I was initially shocked at the paucity of down, although once unstuffed it did loft to about 3". The EN rating for the bag is 32 (men) to 41(women) F; that's a fairly standardized, objective rating, and thus I have great hopes for the bag.
I also have a MH Phantom 32, which is for me warmer than the rated temp if I'm appropriately clad. Last summer it was more bag than I wanted early in the evenings, although it was fine once the temperatures dropped a bit and my metabolism shut down in the wee hours. I like it well enough that I'm considering a sale-priced Phantom 15 to round out the colder weather kit (5-10 deg in the mountains this past winter was a bit much for the augmented P32).
MH bags are well made and no one has damning comments about them, although they seem to be held in slightly less esteem than the higher fill-power Marmot line. However, apart from girth, I don't recall ever reading anything but hearty praise for any WM bag.
I'd love a Summerlite, and had I not found the 45 at such a dynamite price I'd have eventually grabbed one of those and sold the MH32. If you think the Summerlite's too much bag, perhaps the lighter, cheaper and less warm Highlight is an option.