I’m not up to speed on the newer webbing options (in the last year or 2), but used 1/2 mule tape straps in the past with a becket hitch (or slippery sheet bend) from Anti-gravity gear. It’s not recommended as a replacement for a hugger for tree protection, but I often add it to a hugger or wrap it a few times to distribute the impact.
I typically use Dutch kevlar webbing with a Dutch clip and whoopie slings with a whoopie hook to continuous loops on my hammock. I guess that’s so 2017 and not the lightest, but it’s super convenient and that’s what I have. I carry the muletape as a backup and extension if needed. It also comes in handy for short distances because the whoopie has a minimum length. The hitch works great on 1/2″ and is easy to adjust.
I guess I’m curious about the tradeoffs with UHMWPE and the spider web, which is even lighter at 1.5g/ft. They say these don’t work with buckles, presumably too slippery? Will that affect the knot hold? Kevlar huggers seem too hard for a becket hitch and are heavier anyway. I think half-inch mule tape may even be heavier at ~3.1g/ft.