I opted for the Cloak of the Ice Bear (AC 8, HP +10, SV Cold +20, 3.5 WT) and the Mammoth Hide Cloak (AC 7, WIS +4, SV Cold +5, 2.5 WT) over this piece of totemic.
It isn't a bad piece. I have just found that those other cloaks serve a more useful purpose for me depending on my fight and function.