I sprung for 1/8" Flexo PET sleeving (made by Techflex, as people so often misuse the name of

). Might have been a little small, but it expands way bigger, it'll still cover my cables. I'm more concerned about holding the cable together than making it look black (as you open it more, more of the underlying cable is visible). For heatshrink, keep in mind you're talking about tubing that shrinks by a ratio of 2:1, 3:1, 4:1...whatever it is you buy, if it's not labeled it's almost always going to be 2:1. They even sell it up to 20:1!