Assuming no carelessly caused punctures, don't bet on the hammock failing before the suspension. I've seen this same argument made a few times so I just did a rough test designed to provide low results.
I used a 1" strip of one of the weaker nylon ripstops I have on hand...a 1.0oz fairly loosely woven fabric. The edges were not heat sealed or hemmed to protect the weak edges. The 1" strip broke in a pull test at ~38 lbs. I didn't have the high speed camera rolling but I'm confident the failure started at a weak edge that would have been protected by hems in a finished hammock providing a higher breaking strength.
If we arbitrarily say one's weight is spread across 36" when laying on the diagonal and use the "low" strength of the narrow strip, we get 36" x 38 lbs = 1368 lbs....considerably higher than 550 paracord and even Dynaglide (850 lbs mbs).
If you use a wider width with hemmed edges of 1.1oz or the more typical heavier weights, I'm sure the breaking strengths will be 1800-2700 lbs for a 36" width.
I have done testing on stitching strengths before as well and 3 rows of stitching with lighter thread than commonly used, provide greater strengths than the fabric so don't expect an end channel to fail either.
Regardless, I use amsteel and that works great, so I'm not too worried.
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