@jim35215 I think you are making my points for me!
A bike will also let you use a 100% oxygen capacity, a beginner with a lighter KB (as a % of bodyweight might not achieve that).
A bike is suitable for a active rest interval.
The bike is safer for beginners AND a fatigued experienced KB athlete - the beginnings of "tunnel vision" with a 44kg bell might be safe for you but it would be pretty unsafe for many less experienced people. Even if you are an experienced KB athlete if you injure yourself doing HIIT and loose a weeks training thats annoying when you could have been sitting safely on a bike.
The bike can be varied in intensity - even if you have a lot of KB they still (almost always) come in 4kg jumps, so you have to change the length of intervals making comparing workouts and tracking progress harder.
A few other thoughts, its good to mix things up - if you are exclusively a KB athlete, then getting your HIIT in another way (run/bike/rowing erg) will stress different systems, so less likelihood of overuse injury and (potentially) better recovery.
tl;dr:
A bike is better for HIIT as it is:
safer, easier to use, easier to scale intensity, much lower skill bar to entry.