First, let me give you some justification for taking your HH apart. I am sure that you have gotten your moneys worth out of it. I know you have used it enough to have enjoyed it. Plus, the knowledge that you have gained, and will gain, from it is worth the price you paid. I have seen your homemade stuff in the gallery and know you can make some quality gear. Another reason for not worying about taking it apart is that you won't need it anymore. If you do make your dream hammock that has all the qualities of the HH but in a more customized and lighter version, will you ever need the HH again?
Secondly, I think that with effort and patience you can take it apart in such a way that it can be put back together. If you rip the threads with a seam ripper or even just a razor blade, you can take it apart without destroying it. I have looked at mine with the thoughts of taking it apart for the same reasons you have. The only hard part I see is the way the hole has been "melted" through for the supports. But again, I think that parience and a razor blade can take care of that.
Thirdly, I want you to do it so I don't have to.
I don't have the sewing skills (yet). And I haven't even spent a whole night in mine yet, and I want to use it at least once. I did only pay $35 for it, but I want to try it so I can have a baseline to compare my homemade hammocks with.
So, come on! Go for it! And make sure you share your findings.