I'm pretty sure that Angie from Designer Bums sells fluffy microfibre? I am not suuuch a huge fan of the Greenbeans microfibre but have heard good things about DB's stuff.
Apart from that hemp and microfibre are a good combo, sewing together each layer so that you are able to fold in three to make a pad shape is a common way to do it. Make sure you pre-wash the hemp as it shrinks a lot compared to microfibre.
Apparently BKT (burley knit terry) is also good. I haven't used it myself but I think Deb (bizzy) will be able to tell you more.
I haven't answered all your questions... I hope someone else will be able to pick up where I am slack.