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I did a 30k fell race on saturday in a pair of xtalons and polyester socks, no complaints, I continued to wear them after the race for 3 hours and they were fairly well drained, feet wernt cold or too soggy. If it was colder, I'd switch to a thicker topped (still porous) shoe and merino socks
I wouldnt wear boots for any extended period in very wet soft ground, you are gonna get the boot wet and be miserable