Why would u not buy the right bulb? No matter whether u got the fixture for free or whatever the bulb is only about at the most 10$ Also a mh bulb will not light properly in a hps ballast & vice versa. DONT take shortcuts & always be prepared to live life as u see fit.
For starters, now-a-days they have ballasts that are switchable MH/HPS so no need for expensive conversion bulbs, either MH>HPS or HPS>MH--use one ballast for veg and bloom. And I doubt you'll buy a 1000w bulb for $10, closer to $100.
A great reason for using a smaller bulb is for economy & energy conservation--you get a double savings as smaller bulbs are cheaper and will use less energy. Of course they won't produce the same amount of over-all Lumens but the Lumens the plants receive can be equal... here's how:
When your plants are just starting, they don't take up as much acreage and don't have much leaf surface area or leaves obscuring others so less light is needed, and by using say 400w MH on a 1000w ballast the light can be closer to the plants without burning while still covering the needed area, providing the same Lumens you'd get having a larger bulb positioned higher. As your plants get bushier, taking up more room and adding obscuring leaves, switch to 600w MH and raise its height to plants. Then when you go to bloom, switch to 1000w HPS and raise its height to plants even more.
You save electricity (more on that later) and the cost of a much more expensive bulb but still giving the plants what they need. While the 600w cost will exceed that of the 400w, the lives of both will double. You might also get by without need for lamp cooling while using the smaller bulbs. To me it's a win, win, win situation.
Is using a smaller bulb dangerous, gonna burn your house down?
NO. I say this with decades of experience as an electrician at a very large electric power plant with 10s of 1000s of lights, HPS, MH, MV, LPS, quartz, florescent, incandescent, you name it. Using smaller HPS/MH/MV bulbs never caused any safety, operation, or longevity issues. It will not overheat the ballast, just the opposite, but it won't give you quite the energy savings, i.e. you won't get a 600w savings using a 400w bulb on a 1000w ballast--it will be fairly close but there will be more internal loss on the 1000w ballast than a 400w ballast. Typical ballast losses run 15% (there are higher and lower efficiency ballasts, the difference being in price)--the difference between losses will only be a portion of this 15% so as you see there will still be plenty of savings.