The problem with the HF light is that it only puts out a very narrow strip of bright light. The rest is just light that spills over. It's not really a flood light. Think of it like this, compare an old hand held flashlight that gives you one bright spot, and the remaining area dims out fairly quickly - now compare that to a new led flood light that gives a bright, even, wide area of light without any bright spots. that's really what it's like.
The Neiko uses better LED's, and has a much larger battery. The HF is obviously better than nothing at all, but for a little more money you can find much better. It's up to you to decide if it's worth it.
The Neiko is a good compromise between the best available, and the worst you can buy. That HF light is sold all over eBay for the same price as the Neiko. I have both. There is no real comparison.