I've never used the HNB Featherlite but I've used Pellon 805 for all of my raw edge applique and it's been awesome. Joann's carries the 805 (Wonder-Under). A number of folks really enjoy MistyFuse as well but my understanding is that it is not paper-backed but is still double sided fusible web.
I would not recommend heavy weight fusible if you're planning to put it in a quilt.