If heat will convect to the upstairs from the basement then maybe consider an insert for the upstairs. That will provide a nice fireview and decent heat for milder weather or times when you don't need the basement stove/insert burning.
well currently the heat doesn't really convect upstairs from the basement. I have another thread here discussing my attempts to improve that situation.
https://www.hearth.com/talk/threads/dampening-temperature-swings-and-distributing-heat.151712/
I'm going to connect the blower and try to move some heat upstairs, but I don't think this is going to be a viable arrangement for the majority of my space heating needs.
So I'm looking at these existing fireplaces, and yes they have that classic New England Colonial look. The chimney sweep remarked that that it was a $20k chimney. I don't want to mangle them or making something ugly looking to replace them. The problem is that open fireplaces don't produce heat.
Regarding an insert in either fireplace, I understand the theory is that the heat going into the chimney will eventually move into the living space. But the reality is that most of that heat is lost. The chimney is a massive structure, a tower of cinder blocks, a 4'x6' footprint extending from the ground/foundation, through three floors of living space, through the attic, and up onto the roof. It's gotta be over 40' tall. Several thousand pounds of cinder blocks that conduct heat to the cold ground and sky. It is covered by drywall through most of the living space.
So that's why I'm primarily interested in freestanding stoves. If the fallback plan was an insert for occasional weekend fireview, I would have a hard time justifying the investment of $5k for that without knocking down my heating bills.
Regarding the freestanding stoves, I have read a lot of positive reviews on both the Hearthstone and Woodstock stoves. My concern is the burn time/ burn cycle temperature profile. Its sounds like 8-10 hours is about what you're be looking at with those. Hence my interest in the Blaze King stoves, which advertise (and achieve) 12-24 hour burn times. At this time, my wife stays home and I can train her to operate the stove, but our younger son is headed to school next year and she will be back to work in some capacity. I know myself, and I know restarting a cold stove with kindling and a 30-minute catalyst activation, 2x a day...ain't gonna happen. Reloading a 4 cubic foot firebox on a bed of coals, every day when I get home from work..sounds like a good ritual.
So most stoves are too tall for my lintel. But why are they designed that way? Just for aesthetics,? Don't want a huge box sitting on the floor, and bending over to load it. The inserts sit directly on a non-combustible floor, which is what I would build out with my hearth.
I've been searching for someone who has done a thimble-above-fireplace install, and I'm coming up empty.. The other thing I could consider is removing a couple bricks of the lintel; I may be able to get 6" of clearance below the smoke shelf...