If you are making the band, just run it through the muzzle before cutting it and then pull it back without the wishbone inserted. This should give you a good idea of the amount of tension you want to have and will help you to determine how long of a piece of latex tubing you should cut off.
I think the rule of thumb is that you want the rubber to approximately triple in length when stretched. I think you can go to 350% if you really want to.
Also, it is probably better to cut it a little longer and then decide that you want to cut off an extra inch and re-tie the wishbone rather than to cut it too short on the first try and make a band that won't work for you.
9/16" bands are pretty weak, so unless you make it way too short, you should be able to load pretty easily.