It's too small for anyone 5'8" or taller I think. 10'x5' is more like it, minimum. Their Single+ version is a much better option. The issue with 1.1oz ripstop is stretch and comfort. It stretches, so you hang it tighter and things go awry. Watch what is in your pockets with thin hammocks too :)
The weigh ratings always get me. My Hennessy is much tougher material (210 D oxford nylon) and rated at 250lbs. The whole market varies all over this way. The smaller one here is rated at 300lbs, and the Single + version at 400lbs. Assuming that many designers lean to a large fudge factor, this is still stretching things a bit for me. I don't know what a parachute rigger would do differently, but it's nice to know he understands fabric!
The other pitfall is that the hammock body is one of the lighter parts of the hammock system. Any hammock used in North America below 60F needs insulation and most would like some bug protection. Tarps tend to be much larger than typical solo ground camping tarps and there are tree straps and attaching hardware too.
Soft shackles have been around for a long time. If you want a simple and light hammock, all you need is enough fabric for a finished 10"x5" rectangle of 1.1~1.7oz ripstop with a channel sewn in each end with triple rows of stitching and a plain hem on the sides. Run whoopie slings through the channels in a lark's head and connect to your tree straps with toggles. I think BIAS uses a continuous loop in the channels and then hooks the whoppie slings to that, which just seems like extra stuff to me. BIAS has a 11'x52" rectangle for their "micro" version and 62" wide for the standard Weight Weenie. A Traveler is 10'x65" wide.
IIRC, my Grand Trunk UL is a pound with with the stock suspension removed and replaced with whoopie slings, Camp Nano carabiners and polyester webbing straps. You can get a Grand Trunk for $20, but you'll nickle and dome yourself on the rest. BIAS has some good packages where you get the whole deal for about $75. The Warbonnet Traveler is similarly priced. You can get a double layer rig so you can use a pad without becoming a raving madman. A pad is a major savings in weigh and cost and you can still upgrade to a underquilt with no real loss. Double layers help with the stretch and comfort factors too, but the weight goes up.
I strongly recommend biting the bullet and buying a hammock with an integrated bug screen. It makes life MUCH easier. Adding a bug sock or large zippered-bag type screen after the fact is expensive and heavy.
I forgot ridge lines, which are cheap, light and helpful for rigging and hammock living.