I agree, maybe changing Hydraulic Overrides animation and skill name to Jetpack, has been proposed before too> http://www.swtor.com/community/showthread.php?t=754204

Almost all has been said so far, and yes slow progression based on just slightly higher RNG based drops is a drag. I will emphasize one thing though, Renown crates suck. Only one drop per crate and most of the time it's around the same level as my current gear, not to mention it feels like it takes a lot to even get each renown level (compared to Command Rank, at least).

Did a vet Hammer and then a HM Hammer yesterday, very different drops, on Vet I had mostly 272s and a 274, and all drops were 272s, on HM I got some 276s, and about twice as many drops. So yeh, there's a difference, too bad not many people are queueing for HM FP. However, I was talking with someone else during a KP run and he had gotten to 300 gear from around 10 runs of Vet FPs solo. So maybe that's the faster way? Will try that today and see how it goes. Makes sense if you're going up a couple rating lvls every boss.