Yep, I agree with Ground Loop. So does Tanis. They've got a pretty good discussion of heating on their web site, so you may want to go look at it.
I have a Rieff system on my O360, and at 0 degrees, 2 hours is about right. At -20, 2 hours isn't enough. If I have plug ins available, and I'm going flying the next day, I plug in overnight, which ensures a nice toasty warm engine, heated clear through.
The core is what I worry about. It takes a while, even with a lot of heat, to fully warm the crankshaft and bearings. And that's the expensive stuff.
And, yeah, I know you can use a compression sack to stuff the Wiggys cover. I'm lazy, and often when I'm flying, I'm in and out six or eight times in a day, so using a compression sack is a pain.
I've got an older Kennon cover, which rolls up really tight, with no sack at all, wrap the bungees around it, and off you go. Takes three seconds.
And, it won't hold the heat as long at -40 as the Wiggys cover, but who cares, frankly? At those temps, I'm not sitting on the ground for long anyway, if I'm even out there in those temps.
But, buy the cover that makes you happy. My point was consider all the parameters, not just the effectiveness of its heat retention.
MTV