posted 5 years ago
Welcome, Gavin. You've come to the right place.
In addition to masonry heaters, you might want to check out Rocket Mass Heaters (RMHs for short), of which there is quite a lot of information on this site.
But in general, yes, using what you already have until such time as its useful life ends is most cost-effective, and most respectful of the unit's embodied energy costs. The only other factor that way is the cost of fuel, both financial and environmental.
Were it possible to build a small RMH, you might find yourself heating with twigs and branches gathered from the ground and using your existing system only for base heat and hot water. This, I think, would be a good way to slowly transition towards a better heating solution without ripping out perfectly functional infrastructure, and saving money on fuel at the same time.
But let us know what you decide, and good luck.
-CK
A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects.
-Robert A. Heinlein