I use the Adventure medical kits bivy sacks as a vapor barrier. The heat reflective material adds more warmth for me than a traditional vapor barrier; you get the benefit of both a vapor barrier and the heat reflection.
The tough part is that you can't take your insulation inside the bivy sack with you. My system typically looks like this: base layers, the AMK bivy sack, then all my puffy layers draped ON TOP of the bivy sack. Finally, I pull my sleeping bag or quilt over all of this.
This takes some fidgeting to get everything dialed in, but the puffy layers stay in place better than you would guess. You'll wake up a bit damp from the VBL but also sleep super warm! Getting out of the bag in the morning is chilly but you'll warm up soon enough with all your nice dry puffy layers.
The AMK thermolite 2 bivy weighs in at 6.8 ounces and costs $29. The "emergency" bivy is 3.7 ounces and costs $16. The thermolite 2 is clearly the more durable material and has better venting options with a foot vent and side opening. I'm yet to tear my emergency bivy though and usually take that along instead for the weight savings.
I have used my emergency bivy with a 20 degree down quilt, base layers, r1 hoody clone, with a WM flash jacket and generic puffy pants laid out on top down to near zero degree temps in snowy weather. This was probably the bottom margin for that setup but I still slept very warm. Those heat reflective bivys add a lot of heat!
This system definitely takes more technique than a traditional setup, but is also much lighter. Good luck!