Clipped out of a series of emails, reiterates some of the above, sorry about the length:
Generally the wisdom for a larger winter bag is to put your boots in the toe. If you have double boots this is likely less important as they and your water are about all thats in danger of freezing [and plastics don't freeze]. I regret getting the larger Puma, it doesn't fit as well in the bivy or in a tent.
Oh, and make sure any "big" bag fits your pack.
It's good, but a dryloft bag is not waterproof by any means. I much prefer a dryloft bivy (OR makes one, there are epic based one, OR's bivy may now be made of windshear about $80). A down bag should have the most breathable shell possible so your sweat can escape and when damp the bag can dry. The only thing I'd like to see is dry loft around the hood since in winter your breath freezes and drops back down on you where the warmth from your breath melts it making the area around the hood opening somewhat damp. The DryLoft puma bag I briefly had was very difficult to compress (though may have worked better inside out, it retained a lot of air).
The question is what is a winter bag for your purpose? If you're doing long trips (4 days+) synthetic makes a lot of sense, shorter trips down rules. In the NE I figure -10 to -20 is a good winter bag temp. Anything more will likely be overkill. Figure in the winter you'll be camping out in Huts often and camping low in protected areas. If the weather is predicting -60 temps I bet you'll stay home. If you aspire to denali, I would get a bag for denali then, not now.
If my bag is down in the winter my jacket is synthetic.
My feeling on this: get the shortest, tightest fitting bag you can handle.
Though at the last winter gathering on Friday night I stayed in the puma in a tent just me and was very warm. Temps? I think it was -35.
I have a synthetic liner (add 5°), goretex bivy (add 10°), dryloft bivy (add 10°) and a vapor barrier that's never been used. With some clothes on I can push the Puma to -30°.
I recently read about
this . Interesting, I wonder if it would combine well with a bag, would at least be a decent emergency bag (though that's usually what I carry the VBL for).