'This is true, but I suspect that most of these savings will be offset by the fact that you'll need a thicker quilt compared to a sleeping bag because it is less effective in sealing off the warm air. On cold nights you are going to feel the leaks and any cold spots in general.'
As an individual who has used a quilt over the last few years, I would say that your view may, or may not be true or it's just a matter of personal opinion? Like your quilt at home, to be at the right temperature it has to be wide enough to cover you, or you have to use the suggested method of pulling the edges under your torso. I don't have to do this because for my body size my quilt is wide enough.
The other matter of course is, are you buying your quilt (or sleeping bag) for the coldest temperature only, or for a range of temperatures? I personally buy to cover a 'range of temperarures,' from warm summer nights to autumn cold nights. In the daytime I've always found that the best way to adapt to changes in temperature is to use the layer method. Likewise I practice the same at night and I find that this way of thinking works very well for me. To me its the 'system' method, or to think of it another way, its how to 'blend' the positive of one item to back up/improve the positive of another item. I personally do not want to carry excess weight, I want a maximum 50L rucksack so planning on the basis of working with individual items is not for me. That way of thinking just adds bulk and weight on my back.
In the end, to buy or to not buy a quilt is a personal choice, but this choice could also be influenced by how you think about your equipment as well.