Here's another modified HUD example. It is kinda useless, just compacts the HUD in the bottom left corner, but maybe it can serve as an illustration.

INSTALLATION:
Unzip to mods/ folder. No additional steps required.

(POTENTIAL) ISSUES:

• The HUD overlap with the bottom of the character pane as well as the bottom of pet inventory. I haven't looked into resizing the left side panes (probably doable). Main problem is remaining stats are not visible.
• The 4 buttons for pet window (and whatever) are currently disabled.
• Only tested running Torchlight on Linux (using WINE).
• AnotherHUD adds a new DDS imageset (ui3.dds). No idea if this can cause problems on some setups.
• All the issues I haven't noticed (yet)

NO WARRANTY!

For all I know, installing AnotherHUD may cause Armageddon.