For the kind of money you are looking to spend, you can pick up a new Warbonnet Blackbird XLC for $180-$230 bucks. All of them have a choice of continuous loops, whoppie slings or straps. Except for a couple, all weigh the same or less than your two choices. Check over on Hammockforums.net for an upcoming hang in your area. You will see a wide variety of hammocks and setups. The people there will be very friendly and answer your questions. Almost all of them will let you try out their hammocks if you don't act like a dweeb.