I know I'm late to the party but just adding my two cents -- I "pre-heated" my pool ahead of this drop in temp. This is only my second winter with a pool but based on my experience last year when I didn't pre-heat once and then did pre-heat a different time, pre-heating the pool definitely bought me a day or two of extra time before the the water temps got to 32.
Some above have mentioned that this won't buy you much time, but I don't think that's true. If I heat my entire 17,500 gallons to 70+ degrees (which is what I did), and then run my pumps continuously from there as temps go below freezing, since the water is continuously circulating it will keep mixing the chilling water at the surface with the warmer water below and slowly bring the whole pool down in temp. It's like having this giant bucket of warm water that you can keep tapping into to buffer against the cold water at the surface. The decrease is more rapid when the water is at higher temps. It slows as the water temp gets closer to the outside air temp, which makes sense as the differential is less.
I am in OKC so we have a bit colder weather than you. I started at about 70 degrees when we went below freezing friday night. We haven't been back above freezing since and won't be until Wednesday. A day and a half later I'm at about 48 degrees and that's coming off a night where the outside temp was zero. Today's high will be 10. Tomorrow's high will be 15. Tuesday's high will be 25. I still expect to get close to 32 by the time our temps get above freezing on Wednesday, but I believe if I hadn't pre-heated, I would be at 32 much sooner, which just adds risk.
That said, last year my water did get to 32 degrees one time and we still survived with no damage. We had a sheet of ice 80% across the surface but the water kept flowing and we survived.
This year we have a whole-home generator in place so if we do lose power we're still covered.
The pre-heating is expensive and might not absolutely be necessary but for lengthy bouts of sub-freezing temps I think it's worth it.
Regarding the issue of heater condensation and running at low temps, I have gleaned a lot from this article -
Heater Condensation - Further Reading
That article suggests that if you are going to run with lower water temps, just keep it running until you reach 60 or 70 degrees. With my Hayward heater, the manufacture actually uses 50 degrees as the cutoff. We have a spa that we use throughout the winter and so we are regularly kicking it off when water temps are in the high 40s but it quickly gets up above 50 and then we run it all the way up to spa temps. I'd imagine this will have some effect of shortening the life of the heater, but I'm hoping it is minor and it is the cost of using the spa year round as
@Newdude mentions.
My main concern is I just need to get a heater bypass installed so if the heater does spring a leak I can keep things running. But that's for another day.