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My question is where do holdem manager and tourney manager overlap feature wise? What does tourney manager do that holdem manager will not?
Tourney Manager is really dedicated to managing tourney results in a very easy to use manner with lots of result based filters and charts and graphs.
Holdem Manager, as far as tourneys are concerned, comes in at a much more micro level giving you hand and opponent analysis down to the BB/M remaining for each player on each hand. Results can still be imported from tourneys but your results view in terms of dollars is limited to the income tab which combines all forms of poker income.
So, to sum it up, HM has 1 tab that lets you do charting and some basic analysis for tourney results vs TM where the entire app is dedicated to this.
rvg