Thanks everyone for the comments. We used a store-bought binding on the last quilt we worked on and it was a triple fold wide binding. We really liked it and decided we wanted to try to make our own. This was our first attempt and I must say we were very pleased with how it turned out. We will definitely do that again - we both like the wide binding. It was only a bit more trouble than a regular double fold binding, but so worth it.
Darren