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CDRules,Back to Silnylon Poncho's they will be very light but not super durable.
Well, I probably should have elaborated on the not super durable part. In browsing this forum I have discovered that many people here enjoy things that are "over durable" things like military backpacks made from heavy materials or heavier types of tarps that have been discussed in the past.
Silnylon however is a very strong material but is also very light so you have to treat it nicely. Most lightweight tarps will be made from 30D or aprox 1.1-1.3 oz per sq yard sil nylon.
Now Silnylon has the distinct feature that the when the silicone is added to the nylon ripstop it actually makes it stronger and penetrates into the fibers instead of sitting on top. Which is why you can have an old Silnylon tarp or tent where all the waterproofing material isnt flaking off.
I dont currently own a poncho I just work with people who are familiar with them and enjoy the light weight and dual purpose aspect of ponchos.
One popular piece of equipment that serves dual purpose as rain gear and shelter is from Six Moon Designs. The cape sets up so it is completly enclosed unlike a poncho which has 2 open ends. That might be another worth looking into.
However I dont currently own any of these products so I cannot make any personal recommendations.