good advice, but you may want to google meat smoking and do some research. there are several schools of thought on best way to smoke different kinds of meat.
cold smoking is usually done at less than 100 degrees F. (38 C) it is probably best for fish (high in fat) sausages (don't want the fat inside the casing to liquify) and cheeses (don't want them to melt!). in that case, lack of insulation is a good thing and you want to do your smoking in the winter time in the shade. it can be done for short time (hours) or long time (days) and you can combine it with a salt/sugar cure or dry rub to make the meat storable for long durations if you do it long enough to dry the meat to the correct moisture level. a main consideration for this type of smoking is how will you keep the smoke going with minimal maintenance. for example, you don't want to have to get up in the middle of the night several times to add wood chips, so you need a good way to keep things going 12 hours at a time or so.
if you want to smoke/cook at the same time, then that's where some insulation and a water tub for steam will come in handy. this is done at a higher temperature for shorter time. this is easier to manage as it can be done in an afternoon. in this case, you are aiming for internal food temps of 145-180 degrees F and you may want to keep them at higher temps for several hours to tenderize the meat (pulled pork, ribs, etc.)
once you know what you want to do with the smoker, you can come up with a design. i was actually rebuilding an old oil barrel smoker just yesterday. it needed a new bottom barrel half which had rusted out. i am setting it up as a dual purpose unit with a separate smoke box for cold smoking and i will also be able to fire it up directly for hotter smoking. it will never be used as a high temp grill, though. i use a weber kettle and a gas fired grill for burgers and steaks. the smoker will probably not see temps much in excess of 300 degrees or so. for cold smoking, the separate box will allow me to tend to the wood chips without disturbing the meat/cheese/etc and also give me more control over temperature.
if you think about it, it's pretty hard to get wood to smoke in a confined space without getting the space over 80-100 degrees F. i'm thinking a couple of hundred watts directed in a small box of wood chips is all i need to generate smoke. possibly a soldering iron or small, handheld propane torch might work? i'm still ironing out the bugs.... in your winter climate, maybe this won't be a problem? you might have to do some experimenting.... today, i'm doing a test run with some bacon i brined overnight. should be interesting....
good luck and happy smoking!
amp