Synthetic insulation is light and packs down small and doesn't mind the wet.
Up to a point, Lord Copper. The insulation fibre itself isn't particularly affected, but the wetter the whole system gets the less air it can trap and the more you'll lose from heat conduction by the water.
So a dry Primaloft jacket will keep you warmer than a wet one. But it is the case that a very wet Primaloft jacket will do a lot more of usethan a very wet down one.
Do you think they'll come a point at which waterproofs manufacturers will cease their efforts to look for the ultimate in breathability? It has to be a given that the more breathable a garment is, the less windproof it is. Is that right?
Again, up to a point... you can be very usefully windproof but still nowhere near waterproof, as tight-woven fabrics like Pertex demonstrate. And even within the Pertex range you've got different gauges, some of which are more windproof than others, but even the less windproof are still very windproof for most practical outdoor purposes.
look at it as more of an insulating layer
But it isn't. It stops your insulating layers losing effectiveness through getting soaked, but if it's not actually raining and it causes your insulating layers to get soaked from within you can actually be scoring an own goal. It's not typically one you'll notice until you stop, but when you do you can get colder quicker.
The main insulator is static air. If it's all wet then the way water conducts heat much more readily than static air compromises the insulation. Penetrating wind takes away the "static" bit, and also compromises the insulation.
Surely though as much as a waterproof is limited in terms of breathability, it is limited in transfering the heat from an insulating layer above it or indeed allowing the insulator to do anything?
Insulating layers stop heat travelling through them. They don't particularly trap heat in themselves or transfer heat to other layers, the point is that the heat is trapped in you (where it's coming from) because it can't easily move out. A close-in insulation layer will typically work better as your body heat will heat up everything between it and the effective insulator, but a further-out one will still work. Loft insulation makes a house warmer. You'd be warmer yourself wearing that insulation up close, but it wouldn't be as convenient...
Pete.