I agree that "most" woodburners are 50% or in that ballpark.
As someone earlier mentioned...its not just the heat loss up the chimney. All that air/smoke going up the chimney needs replaced. That draws a vacuum on your house and sucks in cold air from window seals, door seals, everytime a door is open, etc.
The most efficient setups do indeed draw combustion air from outside. You still loose heat up the chimney.....but you are using outside air for combustion, rather than air that you already put energy into to heat. Those get to 75% ballpark.
Can one save money heating with wood......yea, maybe.
But all this talk about cutting your own, free exercise, etc. You still have to assign a cash value to the wood. Whatever the going rate is in your area. Then compare that to your other options for heating. Once you assign a cash value to the firewood, you will see that the savings is little. You can still cut and get all the free exercise you want. Just sell the firewood. IE: Just because the wood was on your land and cost you nothing but time to cut....it still has value that must be factored.
Here is some math....
Average cord of firewood is 24M BTU. Average furnace is 50% efficient. And lets say you burn 6 cord a year. That equates to 72 million BTU's required to heat your house.
Propane furnaces are ~95% efficient. And a gallon contains 92k BTU. So to get the same BTU's, you would need 824 gallons of propane to replace that 6 cord of wood.
If you have electric resistance heat, there is 3.41 BTU's in a watt. So that 72 million BTU's needed would require 21,000 kwh of power.
If you have a good heat pump....those are about 3x's more efficient than resistance.....so about 7000 kwh of of power.
So how does this all compare......no idea. Firewood cost, propane cost, and electric cost are different everywhere.
Around here....firewood is $160/cord, electric is 0.12/kwh and propane is ~$1.30/gal
So to heat this house that requires 72 million BTU in my neck of the woods would cost
$960/year with wood
$1071/year for propane
$2520 / year for electric resistance heat
$840/year for a heat pump
Not trying to talk anyone into running out and installing a propane furnace or heat pump. Just trying to make you realize that heating with wood isnt as big of a savings as many make it out to be. Because even though you dont "pay" for wood.....it still has value. And that MUST be factored into the equation.
I put in a geothermal. This is after heating with wood for the first 2 winters after I bought the house. The value of wood would have to be under $100 per cord for it to save me money over my geothermal. But since I can sell as much wood as I can cut at $160/cord, I'd be LOOSING money if I burnt it in my house.
And cutting wood.....it becomes a whole lot more enjoyable when your out there doing it because you want to..... rather than because you "have" to