I think boston has it. Top and bottom insulation, weight-wise, are pretty darn equal in weight when comparing a tent vs. hammock. That leads the tent itself, vs. a hammock + bug protection + tarp to compare the weight.
If we take a staple of UL tents (within monetary sanity...i.e. no $600+ Zpacks cuben tent) like a TarpTent, you're looking at around 29-35 ounces (can vary a bit depending on the model). That's pretty easy to match in weight with a hammock. You can get something like a Dream Hammock Darien for 16 ounces, 3 ounces for suspension, which leaves 10-16 ounces for a tarp. The only full coverage tarp (i.e. with doors) that fits into that weight range is cuben and is expensive. You can also get an 11' tarp like the Warbonnet Edge which will come into that weight limit as well but not have as much coverage from the sides.
Once you get into cuben fiber tents, which can come in at a 16-17 ounces, there's nothing else in the hammock world that can compare really (there is...but you're looking at a shorter hammock, which you better weigh around 140 pounds to not max out the weight limit of, with a really skimpy coverage tarp...and maybe not even a bug net...but I don't count that as a fair comparison to the full coverage you get from a tent).
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