We kicked around a few ideas for the waders, including cutting the sock feet off completely and just wearing regular boots.

Right now I can't beat the system I'm using...two pairs of light Grunden's fleece..one to wear and one to dry...a light pair of capilene long undewear to put under when needed, and the lightest pair of rain pants/coat you can ball up in your pack for putting on top when necessary.

For alpine runs I just wear the capilene under the light rain gear, until I get to the top.

Other option is simply capilene under Grunden or HH full gear...