New NMs

[Peregrine]

What's HNM/NM?

From what I've read it's a certain drop(s)?

o-o

HNM is a FFXI elitist's way of saying "The NMs we camp are better than the NMs scrubs do."
High notorious monsters, or Highly notorious monsters. They have higher endgame difficulty ratings and more imposing spawn conditions.

Mostly it's jus the spawn conditions. They're not that hard.