When I first started brewing some 15 years ago, I had a full 3v system.
Jumping back into brewing this past year, I put together a 3v system... then I read about BiaB.
So I did what any creative guy would do... I took the best of each method and now have a super slick, super easy 2v MiaB (Mash in a Bag) setup. In fact, I just got my 10 gallon Home Depot cooler today from my Dad (cause he rocks like that), so I can do larger grain bills.
My brew day starts out like most everyone else's... boiling the water. I line my MLT cooler with my trusty bag and (until recently), dump the grains in and top off the cooler with my strike water. Lots of stirring and when the water hits in the mid- to high-150's, I screw the cover on and wrap the cooler in some old blankets. Mash time: 90 minutes.
Meanwhile, I heat up another few gallons of water while the grains are mashing. When the mash is done I pull the bag and let it drain into the MLT for a few minutes. Once the water in my BK is about 170F or so, I lower the bag into the water, give it a few good "swishes" and let it sit for 10 or 15 minutes.
After that time is up, I pull the bag out of the BK and set it in a large stainless colander over the BK and let it drain. While it's draining, I empty the contents of hte MLT into the BK and start the heat. Once the bag is done draining, I "top off" the BK by pouring water over the bag. Once I'm at my pre-boil level, I pull the bag and colander off and set it aside. (Once it's cooled, the g/f takes the grains and bags them up for bread and dog treats.)
This method is a guaranteed "high 80's" efficiency for me. Wort is always clear and I have minimal trub (I also HiaB (Hop in a Bag)), so I literally lose *maybe* 6 oz of wort to trub.
I'm not quite sure how I'm going to change things with the new 10 gallon MLT cooler. Maybe "top off" to 7 gallons or something like that.