How hot is VERY hot? Make sure the electrical cords around it aren't getting hot enough to melt.
As for different lights.. you can't change to a different bulb, unless you bought the special type of ballast that allows MH AND HPS bulbs. You can't even change to a different wattage, so you're stuck at 400 watts. To deal with the heat, most people install an exhaust fan to their room/box.