Re: How do you save a 32-bit .HDR as a 16-bit file
By changing its mode in PS from 32bit to 8 bit (or 16 bit) you'll be presented with different options for conversion, including a sort of tone mapping. There are other programs that probably do this job better than PS though, like PictureNaut (free?) , PhotoMatix, FDRtools, Artizen etc.
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