Welcome John:
It would be wise to stay with the existing heat pump as long as it is economicaly feasable. The normal life is 12 to 20 years and you are in the middle of that range; maybe a good time to start a replacement savings plan.
Heat pumps are calculated to closer tolerance than gas or oil furnaces were at that time. You are correct in saying the Aux. heat eats up your savings. You are already running at a very efficient temperature and should not try to drop more than 2 degrees for the night and, if there is no one at home through the day, it should be set back again until the house is occupied again.
Glenn
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