I always explain it like this:
You can always make a warm suit cooler. Unzip it a bit and let water in.
It's a lot more difficult to make a cool suit warm. The only sure fire way is to add more suit.
As for the boots, gloves and hood. They are important, but also 3 of the easiest places on our body to keep warm. We lose most of our heat through our head, but in order to keep it warm outside a thin fleece beanie or a knit cap will keep it nice and toasty. We can run around barefoot with a minimal amount of discomfort on a rainy driveway or cool floor and when your feet get cold, it's amazing how a thin pair of socks warms them right up.
Same with gloves. We can throw work all day long in a thin pair of gloves out in the cold unless it's frigid and we are continuously handling cold items.