Hey guys, got a few questions. First off I am pretty new to hanging, only done it a few times. I have used a buddies ENO single nest. I am looking to purchase a set up for myself. I live in Alabama but travel all over for backpacking trips (this year out trip is to BWCA). I have done some looking around myself but interested in what you have to say on a few topics.
Under Quilt or pad?
HH, ENO, or BB?
Is it better to get the whole set up together or piece it?
A few things you should know, I mainly backpack, so weight is an issue. I do trips all over but usually only two a year, the rest of the time is spent around the Southeast. Money is an issue but I know you get what you pay for and am willing to spend more for quality. Anyway's any thoughts or suggestions would be greatly appreciated. FYI our trip to BWCA is in Sept this year.

Can't help you with a ENO single nest or BB, others here will advise you on them. I have an HH Explorer Deluxe. I mostly go in mid to late September, after several nights of being cold one year that's when I bit the bullet and purchased an underquilt for my Hennessy. That freed up some weight by not having to carry the additional clothing, padding etc. for keeping warm at night. Yes, it was pricey and had some buyers remorse until it got in the 30*s and I was warm sleeping in light clothing. There is a good link Here that pretty covers the gambit of hammocking. And it will keep your head spinning with the abundance of info.

I like to consider the variables and then decide. Heat radiates and conducts and air movement aids this process. Each of us have our comfort tolerances to hot and cold. What is the likely range of ambient conditions where I will be hanging.
Hanging increases air flow and having a barrier underneath while hanging is almost necessary except in the warmest of conditions. Remember compression reduces insulation. I think most report comfort can be achieved with a good pad down into the 30's then the underquilt offers needed protection. A tarp hanging low to capture warmth and limit wind flow can provide benefit. I did not research actual temperature ranges in September but recall it can freeze at night. You best know your tolerance ranges.
I have been fine with a 3 1/2 inch self inflating pad and 30 degree bag used as overquilt into the low 30's, but intend to pick up an underquilt before I suffer slipbobber's experience with cold. Hammocking has many more variables that need to be explored. Hammock Forums is excellent and there are lots of good posts in the special interest forum for hammockers. Scroll down at the messageboard page.
A good hang is worth the research. Enjoy.

ML - HF is really the place you want to be for what you are researching. That site came out of Whiteblaze.net so it is geared toward LW and UL backpacking.

I have evolved from a Hennessy Backpacker to a WBBB dbl. I like the footbox and the shelf features. Both features meet a need I have in a hammock.

I started with a pad in the hammock. No good, won't stay put.
Then I got a Big Agnes bag with the pad sleeve. Better, but still not quite right. I kept slipping in the hammock and was not very comfortable.
Then I got a synthetic UQ rated to 40F. When combined with the BA bag used as a quilt I was very comfortable down to upper 30s. Bulky, but OK for canoeing. Not so good on the trail.
Then I got a down UQ rated to 20F. And shortly after, I bought a used down TQ rated to 40F. COMFORT, packability, lightweight...BINGO!

That evolution was spread over 30 months, so the wallet didn't hurt so much.
I have been keeping a blog about all this. See my signature.
I am also on hammockforums.net.

you could use a pad easily in the double bottom ridge runner from warbonnet, and use your hiking poles for spreader bars to eliminate the weight of the stock poles. I apologize for being such a warbonnet fanboy but I have gone through all the progressions in hammocking over the years and think this is the one, for now at least ;) I started with a byers el cheapo next up HH explorer deluxe with super shelter, my current setup is the WBBBB with 20 degree full under quilt. This setup is great and I absolutely love it. I got the ridge runner and lynx UQ to get my girlfriend to hang with me and because she complained about the flatness of my BB. I will make it mine when she's not with me though. And if you have the dough go for the under quilt, it really makes the hammock soooo much more comfortable.

I started with the Hennesey and pad. Like many others, I eventually ended up with the WBBB with down U/Q and top quilt.

WBBB for the foot box and shelf (like many others) and down quilts for light weight and small space in the pack.

quote OBX2Kayak:

WBBB for the foot box and shelf (like many others) and down quilts for light weight and small space in the pack."

+1 WBBB, Superfly tarp and a down underquilt would make you very happy. You can use your own bag as a top quilt. If money is tight skip the underquilt for now and slip a pad between the layers.

Check out the Clark Jungle Hammocks. They are pricey but as you said...you get what you pay for.