Is one better or more effective than the other? I park inside my heated garage most of the time, but sometimes I need to leave it outside and with temps occasionally dipping to -20, I need to do something to be sure she will start if needed.
There are different degrees of cold, so you really have to customize your heating solution to conform with your cold start conditions. I've stored all my tractors in the same unheated shed, open at one end. Basically a windbreak. Of the previous five, three had oil pan heaters. The other two had finned pans, no place to adhere the heater. Hard starting buggers, I didn't keep them very long.
To me, warm oil was more important that a warm coolant. I used the specified 15W40 in all of them, and that stuff gets pretty thick below 15 degrees or so. Glow plugs/intake heaters did a good enough job pre-heating the cylinders, and 4 of the 5 had compression release. But cranking with cold/thick oil is real hard on bearings/bushings/oil pump/battery/starter. So my philosophy was to keep the oil thin. Plus, the oil pan is the lowest part of the engine - and heat rises. Given that the tractors were sheltered from the wind, 125 degree heat rising from the oil warmed the water jackets as well. Some of that even conducted backwards towards the radiator.
The trick with oil pan heaters is to get the right one in the first place, and to then install it properly. Those magnetic things are a joke, and the dipstick heaters are simply dangerous. But if you correctly size the pan heater wattage to the engine oil capacity
and adhere to the installation instructions, the good ones are designed to keep the oil at a constant 125F. My personal recommendation for an effective and durable pan heater is
Wolverine. Personal opinion again, but I would avoid Kats heaters.
That said, they were all open station geared tractors. My current tractor is a cabbed John Deere with eHydro, and the engine uses thinner 5W30 oil. Given that it's got heater hoses, I'm going to go with a circulation tank heater. That warms both the block and the heater core (for the cab). But as winter is on the way out here, I'll have to wait till next winter to determine whether or not I'll need a transmission heater. Hopefully the prescribed low viscosity transhydraulic fluid will preclude that expense, but only time will tell.
//greg//