Jason, from my experience, I wouldn't use it to wrap a limb. It does stretch alot, and you don't want that under tension. For decorative looks, it's ok, but not for strength.
I have wrap alot of limbs with F.F. serving and set with superglue. Works good and lays down nicely.
If you don't have any available locally, you can use fishing, "spider wire", line. Even any of the serving materials for bowstrings will work, well.