Excellent hammock primer, I enjoyed it even though I only use my Byer mosquito hammock if I can't pitch my solo tent under tarp?
I tie a similar version of your knot, but I don't thing mine has as many steps or maybe I don't recall until I'm actually doing it :-/
 IC will tell you that one of the first thing you need to do when getting in to a hammock, is to make sure your big (_*_) is ACTUALLY in it before sitting down :-[ :-[
IC/RANGER will attest to how important that is ;D