I have baseboard heat and I installed a 2 room heat pump unit for the bedrooms in my house over the summer. Cooling was incredibly efficient, and so far this fall/winter, it's been a champ at heating.
Still need data from the rest of the season to see what kind of impact it will make on heating costs, but I expect it to drop my heating cost by about 30% over last year (we heat the bedrooms more than any other rooms in the house). If it works out well, I will install another in the living room next year.
It's not a Mitsubishi brand, but the manufacturer claims it will run as low as 5 degrees F outside. Coldest we've seen so far this season is low 20's, but it's going strong. I think the newest models are more efficient and can work at the much lower temperatures.