I think that the system is realtively unknown to people, and it is used almost exclusively by professional GH growers. They use it essentially to lower heating costs and have faster growth (and save even more money!).
The water is heated to about 150°F (I think!!
), but it doesn't burn the roots since the plants are receiving heat radiating from the pipes(and not the hot water itself). The actually temperature of the air is probably around 70-80°F.
The advantage of such a system is that the air temp around the plants is steady and uniform, and the heat is where it is needed the most.I heard that 50% of the heat a plant needs should come from underneath, and the rest from above/around. Plants heated from below normally can tolerate a lower air temperature above.
In a small greenhouse I don't know if it would work since the air has less inertia.
If your GH gets cold because of a sudden cold snap, radiated heat from the pipes will take a very LONG time to raise the overall temperature, and the poor chids will be cold!
I guess that's why people recommend to use a forced air heater as well....