My preferred setup for cold or warm weather is almost the same and then I just adjust how much of my body is in the sleeping bag depending upon the temperature.
Mike, for me, a beanie (fleece Arctic Shield version) definitely helps increase comfort in cold weather, as does thick dry merino wool socks seemingly. Otherwise, I don't wear much of anything as I always have my Sea to Summit liner in my bag. I think with a larger bag or a stretchable bag like Montbell, you might find that a puffy jacket/pants actually makes you warmer also, if you really need it because of extreme cold...but I can't say that I've comparatively tested this. My wife sleeps colder than me and she will sometimes keep her puffy jacket on in her Montbell bag in the winter and it seems to work for her.
I can sleep on snow to below 15 deg quite comfortably in my Montbell 30 deg bag with a Sea to Summit liner, merino socks, beanie cap, merino boxer shorts, and with a full length mummy BA IAC inflatable pad on top of a short Ridgerest closed cell foam pad.