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I would say hammock, sleeping bag and a bivvy sack and a tarp. I personally find tents to be a waste of space most of the time.
However I do have a tent-hammock and I fucking love it. I can set it up in a tree (between trees, buildings, rocks, etc...)as a hammock or on the ground as a tent. Most of the time I simply sleep in my bag with a gortex bivvy around it. Then tarp my pack and head.
My tent hammock has a bug net and optional rainfly. The bug net is great for places like the deep south where there are tons of ticks and other bugs; or when you are sleeping in a bunch of apple-blossoms and don't want to fuck with bees (pic related).
I think it depends on where you plan on going and what you plan on doing. My favorite hot spring has few pads to set up a tent on the mountainside it is located on. So If I want to sleep comfortably and not have to fight friends or other campers over the good spots: I just hang out above the rocks and chaos.