Hay, one of my favorite subjects! (No really, I get a "high" when I go in the hay storage and take a big whiff, love the stuff)
I'm a bit of a hay snob, I wont feed first cut. In my area its very coarse, and generally first cut grass around here is just whatever is growing in a field, weeds, branches, and all.
Im feeding second and third cutting alfalfa and timothy as my baled hay. I know a lot of people have said timothy is coarse, but thats defiantly not the case with what I found this year. My timothy is as soft as the grass in my yard, its divine. I also feed 50% of my hay in alfalfa. I just feed half from one bale, half from another. It gives my control over exactly what each horse gets. I have one who is a bit pudgey so he gets a little less alfalfa than timothy.
I have a boy with ulcers who I took off of grain, and to keep him from going beserk at feeding time, and keep some water in him, he gets a mash of shredded beet pulp and alfalfa pellets. I only feed it soaked.
I use producers price pellets, which are the tractor supply store brand, but are manufacturer by purina mills. I tried the standlee pellets, but they are over 2x the size, and take much longer to soak. They were seriously bigger in diameter than a pencil and over an inch long. I had to soak them for 2 hours to get them to break down.
During show season, I feed TNT chops timothy/alfalfa hay. Ive tried other brands such as lucerne farms hi fiber hay, and triple crown alfalfa forage, but both were the consistency of straw, an icky brown color and covered in molasses. The triple crown was the worse of the two. I really like the TNT chops, the hay is green, soft and fine, and although it has some molasses, you would never know by looking at it.
Im still trying to figure out if it safe and how hard it would be to run my baled hay through a chipper/shredder to get chopped hay. I really, really like the hay I got this year.
I feed my regular baled hay out of the "busy snacker" hay feeders. They are a slow feed hay feeder, that really slow my guys down. The fastest I have seen one of my horses finish their hay is 2.5 hours, but Ive seen then munching their morning hay at 4pm, so they really do work. they arent the net type feeders, they are made of a rigid nylon webbing, so the horses cant get their legs caught. The holes are about 1/3 the size of a hoof.