I am currently in the process of upgrading to a dual 400's so I have been doing some research. I have called Hamilton, Marine Depot, and PFO. HQI ballasts as reported in other posts are European style ballasts that generally use double ended bulbs. There is an actual difference between HQI ballasts and regular US ballasts other than the fact they run double versus single ended bulbs. If you will notice, PFO makes a 400 HQI ballast for a single ended 400 watt bulbs. HQI ballasts have an ignitor actually in the ballast and use more amps than US ballasts. European style bulbs, Osram/Radium, AB, Ushio, don't have internal ignitors like US bulbs. Most of the time, you can get by without the ignitor, but it is a good idea to have one if you plan to run European style lamps.
Despite the fact they use more amps the wattage is the same. It is my understanding that amps can be calculated as watts divided by volts. European voltage is 220 which means the ballast would have required half as many amps to run in europe as in the US. The US uses 110 volts so despite the same wattage, the lower voltage requires higer amperage to run. The cost of higher amperage for an HQI ballast on your electric bill is determined by wattage not amperage, ie you are still running the same wattage bulb.
I have also heard that european style bulbs perform better from a PAR standpoing when ran on an HQI ballast versus a normal US ballast. This is only anecdotal as i have no research to substantiate this.