Hello Max,
I haven't used the Hosemaster, but it is only really good for small set-ups since the light head is also small.
I was a professional photo teacher, and used to substitute small flash and flashlights for the Hosemaster. You can add CC filters or colour-conversion filters over the flash or flash head to colour balance these lights with the ambient light.
I taught this BDE (before the digital era), so it is easier now since you can see the results right away.
If you go digital, there is a technique (its' name escapes me now) that allows you to shoot (on a tripod) multiple exposures (same f-stop, only shutter speeds change), whereby you can then import the images into Photoshop, and then blend the best of the highlights and shadows to enhance the final image.
I hope this helps,
Stacey Bindman
Montreal,Quebec