I'm in a very similar position and have been going round and round the many different options in the last few days! I always run hot when walking and was originally looking for a small, light & warm layer for camping during multi-day trips and for supplementing my sleeping bag in winter if required rather than as an extra mid-layer, so I picked up the Mountain Equipment Arete in the Tiso sale. Then I started thinking I'd be better getting a synthetic alternative that I could use for the same purpose but also have the option to use as an outer layer in less extreme conditions or even to thrown on over my shell for longer stops to avoid having to take off the shell to add a fleece (had to do that in really bad conditions before and hate it...). So now I also have a Montane Prism sitting next to my Arete, both with the tags still on so I can return one or both
Now I'm thinking that maybe the Prism isn't warm enough to justify buying it for the reasons I started off with and that maybe I should be looking at a 60/80/100g PrimaLoft layer instead (Rab Generator, Mountain Equipment Bastion / Fitzroy, Rab Xenon X...), which would be winter-specific so I'd have to get something like a Rab Vapour-Rise Lite for other seasons, and also bumps up the packing size and takes me full circle back to a small & light down jacket for camping and long stops only! But is the Arete warm enough for this or should I be looking for something with more fill, or maybe the hydrophobic Rab Microlight instead..? Argh - too many options!!