Snap! I also have the Paramo Alta 2, its fine for the colder months but for me, its too hot at other times.
As regards the Precip. Mine leaks around the neck. Horrible sensation as water gradually dribbles down my spine. Brrrr! The problem has been caused by a piece of Velcro which is used when the hood is rolled up and needs to be secured, the inner surface around the neck has now been scratched off. Ive tried sticking tape over the affected area which almost works, but not quite!
If I had reralised this problem at the beginning I could have done something about it but I didn't think to look.