I don't know how heavy you guys are. . .but we have taken one of these Walmart hammocks the last to years to the Boundary Waters. I sleep in a Hennessy hammock, but take the Walmart one and put it up for just relaxing. Also works great as a chair.
Last year one of the guys left his tent in the middle of the night (the other guy snored too loud) and crawled into the Wally World hammock. He slept in that the rest of the trip and loved it.
It is what it is. . .not a camping hammock like a Hennessy. . .but folds back into the attached pouch really easily and fits really well in the top of a back pack. I kayak and canoe. The Wally hammock makes a great chair to pull out at paddling stops or to just relax in.
But again. . .weight may be an issue. Both myself and my friend are under 200 lbs and we had no issues.