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You could use stockinette, but I don't know where you could get a small amount of it. Most times it comes in a 1,000 - 10,000 ft rolls. My dad used it in his smokers (you have to remember they were 12' tall and everything was hung!). You can see the hams still in stockinette in this pic. You would want to hang them if all you're going to do is smoke them from a pickled (brined) state, turning them into a ham-type product. However, you're not going to build up a bark on them (because they're covered with the stockinette), just a smoked permeation.
i have a video from youtube, that a dude making candain bacon, hangs his loins............butt bacon is about all "I" have seen, cb and slab.........but others may have done others meats...........