Hey Andy:
I'll take a shot at your questions and add where I think you've not yet heard the full story...
1) Masonry heater fires full bore with air wide open throughout the burn. No thermometer in the firebox, but, from empiracal knowledge, it gets into the 1800* F or higher range, which a metal stove should not be subjected to.
The Harman TLC 2000 wood/coal stove int he basement I routinely burn with a stack temperature in the 900* - 1000* F range with no glowing red of anything except the fuel.
2) Optimum burn of wood begins at about 1100* F in the firebox which exceeds the temperature most metal stoves can handle. Optimum burn of your specific stove is a different matter. Due to your metal stove's inherent limitations of being metal, and it's fuel requiring more heat to burn optimumly than the metal can take, it has to be dialed down (air intake reduced) to prevent overfiring the stove. Because of this, sorry, there is some 'waste' of the stored energy in wood when it is burned in a metal stove. If metal stoves were engineered and designed to be burned at the optimal temperature that wood burns optimally, many would be happier.
3) All metal stoves should be burned as hot as possible, short of glowing red, or per Mfg instructions. Less heat, if desired, is obtained by decreasing the fuel load and, unfortunately, decreasing the afferent air supply. This latter adjustment decreases combustion efficiency, can lead to creosote formation but is necessary when burning wood in metal stoves.
Aye,
Marty