Oh well, sence it seams like a good ideal, and I can not foresee any real negative I will just try it myself.
I decided to go with Thermo Tec, Cool It line of wraps and blankets. I purchased the turbo wrap kit, very much like the one posted here, it will cover the turbo and down tube. I bought some 1" and 2" header wrap to allow me to cover the from the turbo base to the first muffler (aero). I know some have posted about wraps rotting out the pipes, but I have stainless steel and this is exactly why I paid the extra money. I will coat the wrap with a aluminum Hi-Temp paint they sell, it helps preserve the wrap and looks nice doing it. I also will add two aluminum heat sheilds, both will mount over the top of each muffler. I will add a layer of Hi-Temp sound deadining matterial called Cool-It insulating mat. And then place a layer of the Cool-It heat sheild or the insulating mat. The ideal behind this is to absorb as much noise as possible and re-direct the heat coming off the mufflers.
For the cab, I'm placing a layer of Cool-it Insulating mat under the carpet, this will reduce heat and noise transmitted to the interior hopefully.
Up front in the engine bay, I will fashion a cover for the manifold out of their heat barrier mat. This will cover the top and down the sides of the exhaust manifod, with the hope of keeping the heat generated thru use contained to the manifold area and lower the under hood temps.
While I am at it, I will add the Cool-It Thermo Sleeves to the AC lines, the factory covered a small portion where it snakes by the turbo, but I don't think they went far enough. I will cover both of them for 100% coverage. I am also adding the Cool-it Air-Tube heat sheilds , to the intercoller in and out tubes. The ideal being to limit the transfer of heat to the intake air charge, this should be a big help and a cooler intake air temp means more power. There Thermo sleeves will stop 98% of the heat transfer, and I will use them to cover 100% of the plumbing from turbo to intercooler and from intercooler to intake. All the sleeves are easily removed if service is ever needed, and they have a aluminized covering which makes keeping thing clean and tiddy no problem. I should be starting on the project by the end of this week, I ordered everything yesterday.
I will also fashion a aluminum heat sheild and cover it also for the transmission. I want to redirect the heat from the down tube where it makes it's first bend by the transmission and it's lines. There is alot of needless heat being conducted to the trany there, and I am sure this will help.