I can now say that my hyfax wear is 100% resolved. Over the past two days I put on well over 1000 km, much of this in very low snow conditions (including refrozen solid ice trails), and my hyfax still has almost 12mm of thickness.
I tried it with the snowflap back up on one railway bed and immediately the hyfax started to heat up, drag and smell. Bending it down and they ran cool again.
There must be just enough ice chips thrown up by the studs/track that with the snowflap down the chips hit it and get blown around the tunnel and skid, keeping things cool.
I also noticed with the flap down that the radiator fan doesn't run as much. With it up, the fan was running most of the time (and had been most of the season), but with it down it only came on in the absolute worst conditions.
I don't know why others aren't having the same issue, but most likely my situation was due to a combination of things including the 1" track that I'm running (I suspect the Ripsaw gets more snow caught in the tips of the lugs and throws it in the tunnel more), the taller ride height (I'm running with only 3" of sag at the rear bumper which you can't get with stock springs), and the local snow conditions (most of my riding was in very cold temperatures with only a couple of inches of base).
The other puzzle is why my 1" track was ratcheting so badly that I either needed the track tighter than spec or needed to install anti-ratchet drivers when many others with the stock Ripsaw aren't having ratcheting problems.
We're planning a longer saddlebag trip for next week so we'll see how my hyfax hold up for that. I'll probably install new hyfax before we leave since they are very close to the wear limit.