I like the way a sleeping bag blocks drafts and encloses the body well when it's cold, not just mild. I like a sleeping bag's real hood (for a couple reasons). Of course I also like a quilt's lighter weight and reduced bulk. I don't use a bivy, preferring a larger tarp instead.
What if you removed a large part of a sleeping bag's bottom and replaced it with a thin, light, windproof fabric like Momentum or something? You'd save some weight and bulk but retain a bag's more enclosing coverage.
If you have a bag you're willing to cut on, this might be a way to improve your base weight without buying a quilt.
I don't know anything about sewing. Is this a modification that's reasonable or just too complicated?
Sketch of the bottom of the sleeping bag; red area cut out and replaced with Momentum (or whatever):





