I’ve done something similar with fleece layers as an inexpensive way to add warmth. I have a snug fleece sweater and a loose fleece sweater. The loose one is also thicker. I can switch between the two or use them both (to be really warm). You gain a little warmth with the layering itself, especially with fleece (you trap some air between the layers). I also have a rain shell to put over any combination. I still use this around town. It offers a lot of flexibility.
Since cost isn’t a big issue I could see the same approach by using down or synthetic insulation. So basically a tight fitting puffy jacket and a loose fitting puffy jacket to put over it. They could both be down but consider synthetic for the inner one. There are a few reasons for this. A high quality synthetic insulated jacket can approach the effective weight/warmth ratio of super-thin down jackets because it doesn’t need baffles (if it the insulation comes in sheets). Another consideration is moisture. If you have a big puffy jacket then you probably won’t break it out until it is below freezing. In contrast a lighter-weight jacket could be used when it is a few degrees above freezing and wet. Of course you have a shell over it but you are still bound to get more moisture running through it (especially if you are exercising vigorously). There is a third advantage and that is that compression matters less with the smaller jacket.
So I could see a base layer T-Shirt (wool or synthetic) along with a lightweight synthetic puffy jacket (in your size) and a puffy down jacket a size or two bigger. I have an Oware synthetic puffy hooded pullover. I’ve used it as my only insulation for summer trips (it works just fine under a rain jacket and is lighter than fleece). I could easily see putting a down jacket over it. (I haven’t done that because I don’t do any winter camping. When I cross-country ski I am less concerned about weight and just use a fleece sweater along with a down jacket.) I’m pretty sure that Oware no longer makes that pullover. It may be difficult to find a high quality synthetic puffy jacket — you may be better off with two layers of down.

