The reason people choose HERMS over RIMS is usually to get the heating element out of direct contact with the wort. instead of heating the wort directly, you pump the wort thru a coil that sits in a hot water bath. the reason HERMS is usually thought of as more 'involved' is because the hot water bath isnt as quick at transfering heat, so there is some 'finess' involved in controlling the temperature. you dont instantly see the temp of the wort rise when you turn the heater on, nor does the temperature instantly stop rising when you turn the heater off.
HERMS doesnt have to be in the HLT, most people just use the HLT as a HERMS tank because it cuts down on number of parts needed. having a HERMS with that much water in it though (usually 5-10 gallons) makes it slower to respond to temp changes than a smaller seperate tank, assuming similarly sized heating elements.