Outpost has decent HIPS see: http://www.matousec.com/projects/firewall-challenge/results.php It also has block list capability: http://www.calendarofupdates.com/updates/index.php?automodule=downloads I have been a happy user for a couple of years now.
Imo it is an exceptional HIPS, even though you don't get quite the same granular control with it as with some of the dedicated products like Malware Defender and SSM. If you want, it is easy enough to disable it (Host Protection) and use a different third party HIPS such as the two I mention or something else. There are many effective and efficient possibilities at one's disposal.