I really like my 1.1 Single Traveler. It is my first and only hammock, and after I spent some time learning how to hang it properly, I find it to be really comfortable. I'm 5'6'' and 160 lbs and have a good amount of room and can lay almost completely flat.
The hammock itself (no suspension, no stuff sack) weighs about 6.5 oz. By using dynaglide whoopies, 7/64'' amsteel as tree straps (put sticks under amsteel to protect tree if necessary), tiny aluminum toggles, and a mesh stuff sack, I got the weight of everything down to about 8 oz.
I think you'll be quite happy if you get it