"Jerry, radiant barriers don't need an air space. They need a thermal insulator, and preferably an IR transmissive thermal insulator"
All insulation for backpacking uses air. You can have a vacuum bottle or argon in a window but those aren't applicable to backpacking.
Anything like nylon or polyester will absorb IR if even a thin layer
An air space is the only thermal insulator relevant to backpacking that transmits IR
"Multilayer radiant barriers on spacecraft have fabric or scrim between the layers as a thermal insulator"
They have vacuum in between radiant layers, which has no thermal conduction. Any heat transfer is just at edges or wherever.
Because they are in vacuum it totally changes things. This is interesting, helps understand things, but isn't directly applicable.
In a house, you can suspend a radiant barrier and have an air space so that works.
A neo-air mattress does have suspended radiant barriers with air space between so that works.
In a sleeping bag, there's no way to suspend radiant barriers. If you had insulation in between to push out the radiant barrier, that insulation would absorb IR so it wouldn't work very good.
"What would a space blanket on the outside of a sleeping bag be doing if the aluminum layer is facing out? If air temperature outside is 30F, what is the temperature of a space blanket on the outside of a sleeping bag? 33F?"
According to wikipedia, the insulation value of a horizontal surface is 0.11 m2K/W. Human body emits 50 W/m2. So, temperature between surface and ambient is 5.5 degree C = 10 degree F.
If you're under a clear sky, then the surface of a regular sleeping bag will emit heat so it will be at the same temperature as ambient. If it was aluminum covered and you didn't have that heat loss, it would be 10 degrees warmer than ambient.