It seems you are in a similar boat as I am.
I’ve done quite a bit of thinking and researching over the last year and this is my conclusion:
My current setup is an old propane furnace and old wood furnace connected in parallel. I’d like to update both while simplifying the setup and making more room. Little different than you but not much.
Several options for you.
Option 1: two separate furnaces. A wood furnace and backup oil/propane/heat pump furnace hooked up in series (I think parallel is not approved in Canada but not totally sure on that. Others will confirm this). This is probably the most efficient setup but also the most expensive and takes up the most room in the house. It’s your decision if you want to change the type of backup fuel. By code here in the States, I believe oil and wood cannot share the same flue. Wood and propane can.
Option 2: Single combination unit: Wood &oil/propane. This is probably slightly less efficient, but is by far cheaper and a better use of space. To my knowledge only one exists that is for sale new under current EPA regulations, the Wood Gun Super E210. However, it’s a boiler, not forced air. Supposedly, SBI is working on a combination unit with its Caddy Advanced CR (Combo Ready) due out later this year at the earliest. This unit combines wood with either electric, oil, or perhaps propane backup.
If you opt for Option 1, you have three choices: Kuuma Vapor Fire, Drolet Heat Commander, and Caddy Advanced. The Kuuma is the most proven because it has the longest track record, being out for the longest. However, all three are good. Then your back up furnace options are essentially endless.
If you opt for Option 2, you could switch your setup to a boiler, to accommodate the Wood Gun combo setup with a heat exchanger for your forced air system. Or wait it out and see if the Caddy comes through with its combo unit. Personally, I think Caddy has great potential and until I change my mind, that’s what I intend to do. But no one really knows if or when the Advanced CR is actually coming this year. This past year has been pretty rough on Canada.
Long answer but that’s my two cents.