Converter changes the HAL for NT4 only if the original machine was SMP. It does this by replacing the hal.dll and ntoskernel.exe. That is why an SP or Hot Fix file is requested, but not always.
For Windows 2000 and 2003, the HAL is not changed. If Converter detects that the original machine had multiple processors, it will define the VM to have multiple vCPUs. You will need to manually change the HAL inside the Guest if you change the number of vCPUs to 1.