Dr Pig Dog,
The modded HID Blitz I linked to above isn't mine - it's by someone in the US. I don't actually own any HID lights, although I do have one on order from the US and hope to one day mod my Blitz to HID as done in the link above if I ever get the money. I also don't hunt - I came across this forum while searching for information on Nighteater spotlights, so I can't give you any real life experience, sorry.
Given the same reflector HID throws further than halogen. A HID Blitz would probably have twice the range as its halogen equivalent. This means that you could use a smaller 170 or 140mm reflector and still get the same range as the Blitz if you want a smaller light.
The colour temperature of HID is higher (its whiter) which is probably a bad thing for hunting. More glare, the beam will be more visible (looks cool but obscures the view of the target) and less relative red output which means that a red filter will reduce light output by a larger % than with halogen.
The main advantage of HID isn't that it is brighter than halogen but that it is more efficient. A standard 35w HID doesn't put out much more light than a well driven 100w halogen. A 35w HID is 3200 lumens, the bulb used in the Blitz (62138) is rated at 2800 lumens and the 64625 is 3600 lumens. In reality a 35w HID is a good deal brighter, but only because the Blitz is under driven (see my previous post). The modded HID Blitz linked to earlier is actually a 35w bulb "boosted" to 50w which is why it is so much brighter than the halogen version (over 5000 lumens for the 50w HID). A 35w HID consumes 42w of power, so run time will be 2 - 3 times as long as a 100w halogen, which means that you can use a smaller, lighter battery with the same runtime if you want smaller size.
Using two different bulbs wouldn't work because only one could be focused, which means that the other would be a flood. It could work if you could somehow make a mechanism to move the bulbs in and out of the focal point, but that would be very difficult to do. There's also the problem of no red tinted bulbs, and I don’t think it’s possible to make one (as far as I know the glass is dyed, not coated).