you can get a 4' x 6' cutting at @ cuttingmats.com and that will do you real well.
rotarty cutters are very sweet, but , you need the mat to make them work.
the fiskars angeled hand cutter is the nicest of the affordable ones.
45mm rotary blades are $1.49 ea on ebay.
the olfa circle cutter works sweet, and you can extend it to whatever size you may desire using wood (ie, a paint stick).
marking with a felt pen and cutting with scissors works on sil nylon too, but it you do enough of it, the rotary cutter is better.
i personally do not worry a great deal about edge sealing with sil, as the coating rather holds most of it together. and anyway, it's only a stuff sack, and it's sewn several times.
if it's none coated material, then i heat cut with a soldering iron. PRACTICE first if working on something spendy, like a tent.
i made bean bags out of sil for weights. you can toss them around with impunity and not break things in the house.