I have a bright red jacket for walking, just bought to replace a bright purple one. I evn thought in the shop that if I was in situation where I needed help, then a bright colour would help, and that the greens, greys, and black's wouldn't.
I also wear the walking shoes, as for some reason I have a dodgy ankle bone that makes walking in boots very painfull. I just make sure that I walk carefully using common sense. And yes, wet feet are part of the deal, but it is a small thing to cope with.
The rules we (me and senior management) follow are -
Never to start a walk we cannot finish.
If things get bad weather wise, we can easily turn back - the mountains ain't gonna run away.
Proper shoes, clothing, food, basic first aid kit, map, compass, sapmap, and drinks are always taken.
Hopefully we will never need the MRT, but you never know