I have the winter version, its great, warm, windproof, negates the need to use a n under quilt in a hammock, but it is a very acquired thing to sleep in, the fibre pile feels quite weird and its not really 'snugly' because there is no loft
As far as weight go's, mine (the 4s outer) is not very heavy (1250g) but it is very bulky, and having seen the lightweight version, it is also very bulky, it just doesn't weigh very much
As to using it without a bivi bag, I wouldn't, the pertex is quite fragile, and not very water resistant, and whilst it will keep you warm when it gets wet, it is not what you would call pleasant
All that being said, it is still my fowl weather bag because my version has a zip down the front of the hood to keep the weather out without having to do up the hood of the (less breathable) hunka
Any more questions I will try to answer
Hope this helps
Ben