You may want to keep an eye on your bobbin are for extra lint from the fleece :wink:
I don't know how easy it will be to handquilt the fleece... maybe try it on a scrap piece first before cutting the fleece to fit? The thicker Pearl cotton thread may show up, depending on your stitches, but even if it doesn't it will be beautiful on the front :D:D:D
Binding it traditionally does give it a more finished edge, and you don't have to worry about the fleece stretching, either :D
Just be cautious if using a hoop, some fleece is stretchier than others, try to not stretch it too much, spray basting first might help too :D:D:D