Nope, it's none of these things. FP sync is Nikon's flutter-flash solution, which fires a pulse of flashes to make sure that as the slit travels across the sensor, it's evenly illuminated. HSS, Hi-sync, Hypersync and all the other proprietary names for what the Elinchrom does (and PocketWizard and whoever else does it) is a different beastie.
It relies on a combination of super-precise timing, with the option to fine-tune things (which you don't need to do if you're operating in a known, one brand ecosystem) and a very slow duration flash burn. Ironically, whilst the industry's been getting its knickers in a twist about action-freezing T1 times and strobes that can stop time by delivering their power in a tiny fraction of a second, Hypersync relies on good old fashioned slow flash to work. Which means that the cheaper D-Lite strobes work well, but the expensive BRX units work less well with one of these triggers. Weird...