The hip thrust can be used as a main lift to build strength and a great posterior chain, but also as an assistance exercise to finish up an already taxing lower-body workout.
Since using a dumbbell limits the amount of weight used, focus on maintaining a slower tempo and do more volume. I cue athletes to push the dumbbell toward their knees on the way down to ensure a full range of motion.
When anyone talks about training for any goal, they need to consider force, speed, and muscle fiber recruitment. They're the gears that are driving the bus, and Chad Waterbury is at the wheel. Remember, though, that the driver carries no change.
Mike Boyle hates the question, "If you could only do one exercise, what would it be?" To him, it's like asking if Superman could beat the Hulk. Regardless, he gave us an answer that's pretty intriguing.