I have been using a LOLA (czech) vest for 3 years. We first got vests in preparation for a trip to Iceland.
They have been very good.
I have noticed, that it does keep me warmer, even if it isn't turned on. There must be a thermally reflective layer.
Generally its set at its lowest setting. It's too uncomfortable at its highest setting.
On of my buddies almost gave himself heat stroke, when he turned the vest up, rather than down, during a December dive - idiot
.
I did make sure that the battery is outside. If there is any failure I can either physically disconnect the battery, or cut the lead .
I have talked to too many people who have suffered either actual physical burns, or come close.
Once you are committed to a decompression profile you can't just 'get out' if you feel to hot. I have heard of a few people that actually flooded the suit in an attempt to cool off.
Also, stay away from motorcycle vests and the like. The worst incidents appear to be from vests not designed for diving.
One thing to be aware of is that if your battery fails late in the dive, and you cool, it can cause complications with your decompression profile. You go from blood circulating well to blood returning to the core as you chill. Meaning you have high gas loading in your extremities, from the good circulation when you where warm. To poor off gassing of the extremities as your outer temperature drops and your circulation shuts down moving the blood to your core.
Gareth