Thanks a bunch to Focker and CT for advice the other day when it was frigid here and I was wondering how cold ambient temperature was too cold for cold smoking. I had two 5lb sections of cured (savory) belly waiting to smoke...I ended up holding off for a day and decided to roll one to hang to dry for pancetta.
The other got a 12 hour cold smoke using apple chunks for smoke. Sorry no before pics, but it looked pretty much the same..the cold smoking added maybe just a hint of color.
Cold smoking is definitely the way to go. we fried some up last night for bacon cheeseburgers...much better texture (I think hot smoked bacon has a ham-like texture, especially the ends...but I think the hot smoked end pieces are better for beans, greens, and whatever other dishes than the cold smoked ends will be). thanks again guys!