I was just wondering the same thing. Not for backpacking though, but for snowboarding. However, unless you wipe out backwards in deep powder, resort riding is a pretty low exertion activity. And it's a matter of using what I have and not spending money on a R1 fleece.
I have a 260g, 150g long, short sleeve icebreaker merino wool shirts and already have the litespeed, so I'm going to give it a try. I'm hoping it's going to be warm by acting as a sort of vapor barrier over the wool.
Reading over your original post, and since you already have the Marmot, I'm not sure the litespeed H20 is that good of a bet. It's a bit of a compromise, both in terms of breathability and waterproofness.
You may want to try a superlight specific windshirt, like the Montbell Anorak (think it's on sale for $73, 20% off, at Campsaver). A strict, no compromise windshirt, to see if you like it. Stick with your original plan.
All else being equal, I'd rather have waterproofness before breathability, because no matter how breathable the claim is, nylon doesn't feel good under high exertion. It's not like sweating under merino.
…but I've only tried the litespeed. And I really don't like synthetic against skin, especially in warmer weather.
Also I think it depends on where you're hiking. I can really see how people who hike at high altitudes, exposed ridges etc where it's cool (Rockies) would like windshirts. But if you're mostly lower elevation, treed protected hiking, there's less utility unless it's really cool.
That's why I like eVent. It's extremely waterproof, but breathable. Check out the Backcountry outlet store and their stoic brand eVent jacket, price may be right.
Maybe use your Marmot for now, try the 3 oz windshirt, it may work for your conditions, and save for some of the new waterproof breathable offerings in the spring.
If I had to choose one, despite the cost, I would have gone with the eVent. The new Polartec has piqued my interest, but I'm not an early adopter kind of guy.
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