I used to think these modern films were lesser. They aren't, but they are different, they respond to chemistry differently. If you balance them carefully for the developer you are using, they will both be capable of luscious beautiful negatives with all the sensitivity one could imagine.
HOWEVER, the HP5 won't be as good, it won't be as sharp, and the grain is huge. If all you ever want to do is contact print, then its just fine. However, if you want to scan it or print larger, then you will see the grain. Lots of it.
That said, TMY is expensive, made by Kodak, who will undoubtedly discontinue it soon (right about when you get it perfectly balanced). I suggest you try Ilford's Delta 100. Great stuff. Just my 2 cents.
Lenny
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