From my experience,my preference is to hike in my Light Heart Gear pvc rain jacket during the day.Awesome pit zips,two exterior zip pockets,two huge interior slash pockets,total weight 7 oz and hard to beat at $99 that I paid for it.Yep,it will get wet with condensate inside;particularly in cold weather.And I sprung for the matching rain mitts which I also like,just wear them over a glove when hiking to prevent a blister.The LHG pvc will get you wet but you will likely be warm as long as you're active.But when you stop you can expect to cool down soon.
So I keep my light weight Frogg Togg in the pack for evening camp wear.Set up camp,remove wet jacket and shirts,put on the sleep clothes upper layer,and cover the night clothes in a dry FT or my little Marmot wind breaker to protect the dry night clothes from moisture,or more importantly,food odor spills as I store it in an odor barrier bag with the day clothes overnight.
My two jacket system still weighs less than my Marmot Precip Jacket and I like the versatility of having some backup and options.Only recently have I tried the rain kilt.I really like the AGG rain kilt although I do feel like an idiot wearing it.
(but the kilt is a real solution to stay warm and dry in the precip).
I owned a gore tex jacket some years ago which eventually wetted out on me at an inopportune moment-so much for that.........