It is probably worth noting that with a 32A draw at 120V the system output is 3840 watts which is 13,100 BTU/hr. The Hurriance's oil burner I believe is rated at 45,000 BTU/hr with a probable efficiency of ~70% which would give an effective heating capacity of ~31,500 BTU/hr. The efficiency of the electrically heated system can be assumed to be 100% because the heating elements are immersed in the fluid.
I'm not criticizing but that does mean that the electric system, on its own, is roughly 41% of the heating capacity of the Hurricane. In ~50 degree weather this should be sufficient, but I doubt it can replace the oil burner entirely at temps much below that. For us in south TX, I expect we could reduce our fuel usage by at least 50% since are temps are largely in the 40-50 range at night.