First - for the "under" insulation, loft doesn't count when you are using a sleeping bag in a hammock. If you are using it as a "sleeping bag" - not open like a top quilt or down blanket - you are lying on the down at the bottom of the bag, compressing it, so there is no loft. You have to rely on your Z-lite and/or other inserts like ReflexIt. I seldom use pads, especially not in the winter.
It might help to imagine you are living in two worlds. You have the Winter World, and you have the World of the other three seasons. Winter is different. Different gear, different concerns, different behavior.
The best thing you can do is see if you can setup at home - assuming the nighttime temperatures will be close to what you expect to experience on your adventure. That way you can see how well your gear works for you. And if it doesn't work so well, you can bail out and go back inside the house. There is no shame. You are conducting an experiment.
If your gear isn't up to the task, it's not the gear's fault. That same gear might serve you well during the summer and some shoulder months.
The nighttime temps here are in the 30's. I'm using a bridge hammock with a 0° fitted underquilt (Warbonnet Lynx for the Warbonnet RidgeRunner). Currently, I have a 20°, wide (option) HG top quilt. I wear a balaclava or "sleep beanie" and the whole shebang is inside the Warbonnet SpinDrift sock. So I'm what would appear to be a suspended single-wall tent.
That setup evolved as I tried different things - at home - until I was comfortable. It's a journey.