Decisions heh, well like kudu says a fold up totally waterproof but not breathable one for when it's raining cats and dogs and a swandri for most other stuff is a good combo, remember pure 100% wool will retain 80% of its insulating properties even when wet.
I do have an old Macpac alpine jacket that is fantastic for when it's hosing and or ice or snowy but don't think they make em like that anymore, cactus make some extreme alpine jackets though that could do the trick...
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