
big topic this!
First of all it might be better to tell you what works for me here in the Sierra Nevada.
Outer Waterproof - Never got along with Goretex in all it's different forms. Same with Triplepoint and all the other derivatives/spin offs. Spent thousands on jackets like this only to be disappointed at the first wet outing in Glencoe. Only thing that has ever worked is Paramo. This gear is simply the best there is for the Sierras in winter. Feels good, and works amazingly! Downside is that the jackets are relatively heavy and we can only use them from end October to May. Also big enough to hide the "belly" so I only need an L!
We also use paramo cascada trousers for leg wear. No need for underlayers even in -15 temperatures plus wind chill. In warmer conditions the full length side zips allow cooling regulation and control. Again though only for end October to May.
Next layer inside is always for me a lightweight windstopper fleece. Works fantastic and is so versatile, especially if you get a version with pit-zips. They are light, commonplace and the Trangoworld variety are quite cheap too.
Next we come to the garment that gets most use here in the Sierra Nevada year round and that is a Mountain Hardware windstopper vest. A cut off version of the full on jacket. Versatile enough to be worn year round. Pefect for summer use at 3000m when there may just be a cool breeze blowing.
I cant speak for Montane as I never have had a garment from them but they have good reputation. Tried Buffalo stuff before but you have to keep moving to keep warm. Again I would like to have a good look at yours when we meet up. It does sound incredibly good value and weight though.