Update:
It's been 2C overnight and into this morning, and my fluid temperature has dropped to a minimum of 19C. What a difference a little insulating blanket has made. The air inside the radiator enclosure is currently 13C. I've checked the power meter and have confirmed that the heater has not been on at all. It looks like the air inside the enclosure is equalising with the radiator temperature.
Yesterday, the external temperature was 14C and the fluid temperature was also sitting around the 20C mark. It's like the external air temperature now has no influence on the fluid temperature, and during the winter that is absolutely perfect. If the external air temperature goes proper sub-zero then I'm reasonably confident that the heater and frost stat will keep the fluid temperature above freezing levels.
I'm really pleased with the result, it's been well worth the effort.