andrewa wrote:By the time you add the weight and volume of hammock/underquilt/pad/wings/tarp etc, its almost lighter and less bulky to sleep in a tent!
That is true - the benefits of a hammock aren't really to do with weight and some tent options are lighter. Reasons to use a hammock are comfort, more flexibility in finding camp sites and far superior cooling (they are much better in hot conditions than any tent). I much prefer a tent for cold and alpine conditions and a hammock for warmer conditions (e.g. anything in Queensland).
Back to the insulation, i have used CCF of varying thicknesses, reflecting windscreen material and an Exped Synmat. I greatly prefer the synmat even though it is the heaviest option of these because of its low packed volume and the way the half inflated mat conforms nicely in the hammock and doesn't move around (I have a double layer for the pad).
The comments about needing a wide mat I agree with (my Exped for the hammock is the LW version).
The other options worked well enough too - the lightest was a 4mm CCF I shaped myself. It weighed in about 200gm and it was plenty warm to about 5-6 degrees. However it was bulky in the pack, and sometimes creased and folding under me in the sleeve. The stiffer windscreen type pad was better in the hammock as it is stiffer, and worked to near zero that i tested it too. But again bulkier than I preferred. I haven't had any problems with condensation on any of the pads.