“If you want soft/quiet/breathable I think you will have a hard time making something that competes with a frogg toggs poncho on a cost/performance scale.”
Very breathable, uncoated 1.1 oz ripstop nylon can be found at DIY gear supply and other places for pretty inexpensive. Â At the former place, for 4.95 per yd. Putting a medium thick coating of silicone on that adds a truly durable water repellency and increases the HH some.
“Soft, Kite” 1443R Tyvek is also fairly inexpensive and fairly light weight. Â When you sew the two together, with the siliconized nylon on the outer and Tyvek on the inner, you get an effectively waterproof and breathable composite that doesn’t require DWR reapplication.
You only need that for the front. Â For the back of the poncho, you can use an UL, waterproof fabric.
Speaking from experience of making and using something very similar to the above, it works very well and is world’s more durable than a Frogg Toggs poncho. And if you do the DIY silicone coating right, it will also be significantly more breathable than Frogg Toggs fabric.
https://backpackinglight.com/forums/topic/oddunique-but-very-breathable-rain-gear-system/