This paper compares the performance of three programming paradigms for the parallelization of nested loop algorithms onto SMP clusters. More specifically, we propose three alternative models for tiled nested loop algorithms, namely a pure message passing paradigm, as well as two hybrid ones, that implement communication both through message passing and shared memory access. The hybrid models adopt an advanced hyperplane scheduling scheme, that allows both for minimal thread synchronization, as well as for pipelined execution with overlapping of computation and communication phases. We focus on the experimental evaluation of all three models, and test their performance against several iteration spaces and parallelization grains with the aid of a typical micro-kernel benchmark. We conclude that the hybrid models can in some cases be more beneficial compared to the monolithic pure message passing model, as they exploit better the configuration characteristics of an hierarchical parallel platform, such as an SMP cluster.