I smoked 3 racks of ribs on Saturday with an outside temp of 31F, but I moved the smoker just inside of my garage because of the forecast for 2-4" of snow during the day (which turned out to be a bust, but that's another story). I had my Maverick on the top rack middle with 4 baked potatoes and the ribs underneath and the #2 set for 225F. Normally the smoker is up to temp within 30 minutes, but this time I was only at 180F within 30 minutes, and it was over 1 hour before the first cycle on heating shut off, but the Maverick was only reading 210F. I realized that with the garage door up, the slight wind was blowing over the #2, so I decided to shut the garage door and run a fan inside the garage. This enabled the Maverick to reach up over 230F on the next heating cycle.
Given what I thought was a slow first hour of heating, I thought I would need more time for the ribs, but they were actually done at 5.5 hours! So, it could be that the Maverick set high in the box was responding to the outside temp while the smoker was actually hitting the 225F mark. If I need to smoke again at freezing temps, I will place the Maverick further down in the box instead of the top rack and will continue closing the garage door after the first hour when most of the smoke needs to escape.
So, while more research is needed, at this point I am of the opinion that the SI smokers will work fine in cold temps.