Bumping an older post here, but I've done this on multiple sites when we had to replace failing hybrid DVRs with newer NVRs (after 3xLogic stopped making Vigil hybrids). We've used both Dahua and HIKvision DVRs, and honestly, it was no more complicated than using dedicated encoders.
On the DVR end, set up your network connection plug the cameras in and tweak your recording options, and there you are, same as you'd have to do with almost any other encoder.
On the NVR side, there was an extra step when using Dahua DVRs, as we'd have to manually change the channel number in the RTSP URL; otherwise, it was exactly the same as adding a Dahua camera. With HIKs, we'd just need to set Vigil's "camera number" to match the channel number on the DVR/encoder. Same as you'd have to do with any standalone encoder.
The only other tweak required in most cases was disabling the HDD error messages, as we'd usually install them with no HDD (although in some installs we'd include a small HDD as "backup" storage).
And you're right, $200 for a 16-channel DVR vs. $200/channel for a dedicated encoder... pretty much a no-brainer.