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i'm not stedlocks but afaik it goes through a channel sewn in the end of the hammock and is gathered there ,so going through it the short way and not along the hem on the long side (wouldnt make much sense either)
i havent use whoopies but they are easy enough to make yourself !
i'm pretty sure i prefer UCR.style suspension though , less overall rope and more adjustability
you have a short length of rope attached to your hammock (knotted or bale/cow hitched) through this you bury another longer one
so you dont have the unneeded doubling of rope and the adjustable part is right at the hammock, i have an eye spliced into the far end of the long rope that i then clip into a treehuggeras with the whoopies you need to milk the buried part before you put weight on and make sure it doesnt get pushed around..
tie an elastic around the end of the bury or splice another eye into the loose end of the bit attached to the hammock and prussik it to the long bit with some thin accessory / kite line/small-stuff (make sure after milking that this is not actually tight but just in a position where it would catch the end of the bury if it slipped, so you dont hang on the prussik but on the bury)
i can try to illustrate it if i'm not clear :P
This was my cheap setup...
It worked a treat, and is a fantastic nights sleep!