When you say "The tarps don't offer as much protection", it is likely you mean "the tarp I use. doesn't offer as much protection".Storms are another thing to feel vulnerable about.
Hammocks being off the ground is nice knowing I won’t end up in a pool of water. Should be high n’ dry. The tarps don’t offer as much protection as a tent’s rainfly. Already had to get up in the pouring rain at night to readjust the tarp. Was getting misted by rain blowing underneath.
Then feeling the trees you’re tied to swaying. Wonder how that would shake out if one of your trees uprooted.
The tarp you use with a hammock is just another gear decision that gets made, you can get larger ones that tie out at ground level and you can get ones that are smaller/lighter that are more for wind blown rain. The one I posted above, has 2 poles, ties out at ground level and is pretty good protection. It's larger and more suited to the canoe/portage style of camping, the poles offer a built in porch mode which is how it is normally rigged.
IMO though a decent tent will handle wind better than a hammock setup, simply because the hammock is higher up off the ground, This can easily be dealt with by moving a little further into the woods.
Falling trees is a good thing to have a healthy fear of though, what about widow makers, how many folks actually check before they setup?
Brian