HDR images contain luminance levels that far exceed the luminance data that can be stored in 8‑ or 16‑bpc image files. You can make exposure and contrast corrections when converting a 32‑bpc HDR image to 8 or 16 bpc to produce an image with the dynamic range (tonal range) you want.
If you chose Exposure And Gamma, move the Exposure slider to adjust the gain and move the Gamma slider to adjust the contrast.
You can reuse the saved 32‑bit toning option file. Click Load to convert another 32‑bpc image to an 8‑ or 16‑bpc image.