It should insulate pretty well and as long as your house doesn't get super cold overnight I'd imagine it will stay above 65 in the tank (avoiding the need for a heat projector/ceramic). As far as the basking light goes, it really takes some trial and error since every enclosure is different. Is your top fixed or is it removable? I've suspended my basking light on an adjustable stand and I leave the top off the tank so I can raise/lower the fixture to give me some more leeway (and space). If you have a fixed top it's more important to dial in the wattage more closely. I have good luck with halogen flood lights. Try an 80w to start with and see how that goes. PAR38 or BR30/40 tend to work best and are fairly cheap. Once you found one that gives you the general temp range you want, buy some spares to have on hand. Then you can let the thermostat fine tune the output as needed.