We use a medium porty for negative blocking, lifting with a 3:1 and lowering, and use Reg Coates' good, quick 3:1 trick for pre-tensioning when negative blocking/ blocking down spar wood, lowering larger logs off of other trees nearby, etc.
Seems to work, and there is skill learned though experience. Not having worked with a GRCS or HOBBS, I can't say that it its impossible to lock up a load on either, but suspect that poor technique would make it possible.
I figure that its not always matter of what tools you have have to do the job, but what jobs you can do with the tools that you have.
A POW can be set and controlled from within a tree if a climber needed/ wanted to do so. For a two man crew, the groundman can control the catch/ run from the ground, then the climber can take control of the rigging line while the groundman controls the workpiece at ground level, swinging it around obstacles. There is less rope between the POW and work/load in this scenario, so adjust appropriately.
I think that GRCS and Hobbs would be great to have, but for 10-15 times the price, a POW does great for a lot of things, is easy to set up, and lots lighter, too.
Just get adjusted to it, know if you are rubbing a lot of branches or the trunk imparting more friction into the system, and good communication between the roper and climber about where the work is located in relation to the block (in the case where it is hard to see, like above the block, below the block, to the side of the block) and the size of the work being caught and lowered.
When we are working bigger pieces, we let it run, the slowly lower the piece, allowing more heat to transfer.
An icepack can be put in the tube if needed, or anything else that will absorb the heat from the tube. Though I've never packed the tube with mud, I could imagine that it would help if caught without an icepack/ ziplock bag full of water/ icewater.
I thought that the trunk wrap was the poor man's lowering device.