I have a Hydor 200, was reading this interesting thread and had a couple comments. I agree of course that a Hydor couldn't heat fresh cold tap water up to tropical temps right away, but I -have- noticed that the Hydor seems efficient and powerful, seeming to me to heat a tank significantly faster than a traditional heater. Certainly seems like the water movement is a major factor in the difference.
I also was thinking about the suggestion for finding a "right-sized" water pump and just placing it in the tank cabinet, putting the Hydor on its own private little circulation loop. It strikes me that with the right plastic intake/outlet additions, this would be a great way to combine in the additional desirable function of getting some "powerhead action," ie. some bottom circulation help along with the heating. It would only come at the slight negative cost of perhaps having a couple of additional pipes going down into the aquascape (I've always thought one of the nice features of the inline heaters on the filter return was that the whole heater just "disappeared" from inside the tank.)
WD