A hi-lock is nothing more than a bolt, made of steel or titanium, a few of aluminum, threaded like a bolt, but with either a smooth countersunk head, or a raised, flat, round head, low profile, with not hex or other way of driving the head. Generally you make the hole undersize by a thousandth or two depending on the size and fastener, and you pound it into the hole using a rivet gun and a flat set (this is in heavy structure) then you use a aluminum or possibly steel collar. It has threads like a nut, usually recessed some so the collar can screw down with a slight bit of smooth shank showing on the hi-lock. Anyhow, you use the ratchet and socket, or nut runner, etc to run the collar down and the hex portion shears off at the proper torque. The fastener has a recessed 6 pt allen bit hole in the end (threaded end) so that you can keep it from turning if needed, by using a allen wrench thru the hollow ratchet and socket.
Large aircraft are assembled using about 85% hi-locks in the structure.
Charles