Thanks for all of the information. I made her hammock last night, now I am just waiting on the supplies to finish the suspension. I will post pictures of the final project when it is complete and she is happy hanging in it.
As a side note, 5/8" gosgrain is difficult to work with binding an edge. It is too small when folded in half. I ironed it folded in half and applied it to the raw (not rolled) edge of the hammock. While difficult to start, the finished edge looks great! Next time I will get wider grosgrain to work with.