It depends on your style of fishing. Dragging your arse through boulder fields the security of a stocking foot with a good boot is nice. If you're standing on a beach drinking beer a boot foot might be easier.
I've worn breathable waders with a decent set of thermal underwear on BI in November...it was freaking cold but my legs felt fine.
Durability is an issue as well if you're doing a lot of scrambling over rocks.
-spence
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