Hi Johnnie--
I made my Level 3 rocket out of the same Kevlar(r) sock and some 6oz S-glass. I made all composite tubing by stretching the kevlar over a 6" full length coupler and wrapping it with glass.
Working with it is pretty easy. Start from the center and work your way out. Plan on using an excessive amount of epoxy to get it wetted out. The sock is a knit fabric, not woven, and as such will literally drink the epoxy by the cup!
Due to the knitted nature of this stuff, it doesn't stiffen up much at all. It probably won't add much stiffness to your final laminate.
Hence the subject of the post...
Why do you feel you need Kevlar(r)? What properties are you going after?
Kevlar(r) offers superior abrasion and penetration resistance. If you feel that your rocket may get dragged along by wind, develop road rash, or you want to shoot at it with your .45, then Kevlar(r) is the way to go.
However, if you are trying to stiffen up your aifframe and prevent tubing kinks, shredding, etc, then glass is going to be a better solution.
Carbon, of course, is the cat's meow for stiffening and strengthening tubing.
Part of this is a function of how wide your airframe is going to be. In your case, 5 1/2" will make your "hoop" a little large. the larger the hoop, the less stiff the Kevlar(r) sock becomes (because it stretches out, making a thinner layer of material.
My L3 bird (The Kevlar(r) Kritter)was 6" diameter, with 2 layers of S-glass over the top. The final tubing was so flimsy that you could squeeze it out of shape with your hands easily. My L3CC guy questioned weather it would be able to stand up to the thrust of L3 motors. We found out that in compression, it was very strong. Especially after adding the substructure (98mm mount, fins, centering rings, couplers and bulkheads). It ended up living a glorious life of big Ms and small Ns until it's 18k swan dive last year.
YMMV...
--Alex