I have briefly played with most of the various articulated hollowing rigs and agree that the Kobra is the best with respect to sturdiness, range of motion, and reach. I agree with those who like the Monster rig that it certainly is no slouch. I have used a friend's Monster hollowing rig to make a small hollowform using his Powermatic 3520B and have no complaints about it. Mike, I don't own any of the articulated hollowing rigs so my opinion is more like the thoughts of a bystander.
I won a Jamieson hollowing rig at SWAT this year and I do think that is is excellent for fine fingertip control of the cutter. I sold it because I already had bought an Advanced Lathe Tools (Steve Sinner) hollowing rig because I was interested in making deeper hollowforms. The Sinner hollower is really solid and heavy duty (and just plain heavy), but because of its mass, there is not the same degree of fingertip control in making fine detail cuts as there is with the Jamieson rig. For John Lucas: From what I can tell, the Jamieson rig stores more compactly and is lighter than any of the articulated arm rigs that I am familiar with, except for maybe the Elbo rig for a mini lathe.
Regarding cutters -- I have both HSS and carbide. I have a Rolly Munro cutter that can use either HSS or carbide inserts. Steve Sinner said that he thinks that the carbide cutter in the Rolly Munro tool is the greatest thing since sliced bread. Well, maybe not quite that good, but it does make beautiful fine slicing cuts. I agree with John that sharpening HSS is not a big deal. However, I had one particularly hard piece of post oak burl that simply could not be cut with HSS -- at least not without stopping every ten or fifteen seconds to resharpen the cutter. The wood was so hard that it wore out one carbide cutter and most of another. I didn't really think that anybody was actually complaining about HSS -- more like stating a preference for carbide by a couple folks -- and, it's their money, so whatever rattles their cage.
Also, one other thing, Mike, I think that round nose or circular cutters (HSS or carbide) work better than square cutters for most hollowing. With square cutters, there will always be one corner digging into the wood.