to 80%+ for direct vent units with a blower
Many small propane heaters that are direct vent with a blower are fairly dismal for efficiency percentages as well.
For the smaller units imho- it comes down to deciding at what point of the expense you wish to waste money. Because it’s either up front, continually in fuel costs, or in manual labor / effort as with a woodstove.
Interesting thing I just calculated out for myself last week… I’m in Vermont. Factoring for efficiencies, the retail purchase price of the fuels, and solving for $/btu pellet stove heating costs 60% of #2 heating oil, ~40% of propane costs, ~36% of electricity cost, and ~95% of seasoned cord wood. Ya, right now pellets are cheaper per btu than cordwood but probably nearly the same cost as firewood if you factor the electricity a pellet stove uses.
I did this quick pricing because I was curious over a diesel heater vs a pellet stove I have for heating my small tool shop this winter, and I have a tiny ‘barrel stove’ planned for some expired propane cylinders that have a date with my welder. Shop space is small so I wanted to commit to just one user of space.
I decided the electricity impact of the pellet stove will be marginal. It’s way big (75,000 BTUs?) so it can make it warm fast, is direct vented so no chimney cost, and potentially could be left “on” indefinitely. If it turns out poorly (being too big) I’ll just sell it to burn free/found wood in the little stove and use the diesel heater for quick temperature rise.
No electricity heating is a tough gig.