Good point.
But.. if ya can't afford heating the water... then, don't worry. I have read of many koi, including show quality koi, come out of their torpar state without issues. Cold temperatures do not necessarily help koi, but koi are cold blooded critters and cold temperatures are their native habitat. If the koi do succumb to ailments after a long cold WInter, then it is more likely due to poor pond management, poor water quality management, and lack of precautionary procedures between Winter and Spring.
I have, and still am, following Mr. Waddington's progression in the koi hobby in his forums related to the ERIC and his involvement on themtherekoyas forum. He also suggests that the ASPCA and animal activist groups should be involved in the koi hobby. So, I don't necessarily view him as the grand poobah in the koi hobby. He's also not the only guy out there that makes annual trips to Japan to have intimate talks with breeders.
Yep, it is correct I have not read of any breeders allowing the water temperatures fall too far below 50*F. Often, the lowest I have read them go is 58*F so to properly put the fish through a fasting stage to help with their conformation.
Breeders also take the fish out of the ponds so they can drain the mud ponds, dredge them, turn over the mud, and rebuild the foundation and they also nuke the heck out of their mud ponds along the process before placing their fish back in them.
One particular thread I have really enjoyed is one talking about
pond covers and good threads here as well about overwintering. These really help to reduce the cost of heating a pond. I have also read these temporary structures built so stout that they can hold up two feet of snow.
Heating the water, one way or another, is definitely a good point to consider and, if ya can't, then proper management will make a big difference with increasing mortality rates.