This is misleading: - A radiator only “sees” 3 K if it’s perfectly shielded from the Sun, Earth albedo, and Earth IR. In Earth orbit you can easily get hundreds of W/m^2 incident; without sunshields the net rejectable heat is greatly reduced. - You have a "massive" advantage only if the radiator is allowed to run very hot: At 300–310 K with \epsilon \approx 0.9: about 400–500 W/m^2. Effective "radiative heat transfer coefficient" at 300 K: h_rad \approx 4\epsilon\sigma T^3 \approx 5-6 W/m^2K. That's orders of magnitude lower than forced convection in air (\approx 50–500 W/m^2K) or the water side of a heat exchanger (>=1000 W/m^2K).