Don't let the knee-jerk reaction of the fanatics sell you on down just yet. I think it is far more important to understand the merits and drawbacks of down vs synthetic and then make your own informed choice.
For the record I'm a down fanatic, too, but I try not to proselytize.
So, in general:
DOWN
Expensive.
Lighter for the warmth.
Compacts smaller.
Will last decades if properly cared for.
Worse than useless when wet.
Difficult to dry.
SYNTHETIC
Cheap.
A little heavier for a given warmth.
Bulkier when compacted than down.
Given routine use has at best a 5-year lifespan with full performance.
Also pretty useless when wet, but certainly better than down.
Much easier to dry after getting wet than down.
Also, if you're buying worse than 700-fill down the advantages in weight/bulk get pretty minimal compared to synthetics. If you do decide upon down I'd strongly recommend committing to 800-fill or better.
Forgive me if I have told you nothing you don't already know.
As a (for the moment) Coloradoan, I like down. I understand that most people in the PNW prefer synthetic, for the obvious practical reason. You will NEVER spend a night as miserable as one in a truly wet down bag. But you already have a sleep system, and you're asking about insulation layers. Personally, I don't prefer down over synthetics nearly as much for clothing as I do for my sleep system. It is easier to have a bad moment and end up with wet clothes than it is to find yourself with a soaked sleep system. Also, synthetic doesn't come pouring out of a minor rip in the outer shell the way fine down can.
Pick yer poison. But especially if you're on a budget synthetics aren't NEARLY as horrible as the fanatics will tell you, especially for clothing as opposed to a sleep system.
I'll let people with more than zero experience in the Sierras advise you on how wet/dry conditions you can expect.
As far as rain gear- I think that if you can keep the weight of a WPB top below 12oz and the WPB pants below 10oz you're not doing badly, though you can certainly find much lighter if you try. I have GoLite Reed pants and a one of their discontinued tops for more severe weather. Somebody here is selling something similar in Gear Swap right now. A lot of people here detest GoLite because they seem to be moving more mainstream, but I think that their lighter clothes are still a decent compromise between weight and durability.