VMware HA provide the heartbeat framework to check if node are ok.
It can restart the VM if a node does not respond.
(Also can monitor VM heartbear to restart a VM if it hang).
But it simple do a restart = some minutes of downtime!
VMware FT is a VM state replication technology that can build a standby VM on another ESX.
It must be a feature of HA, cause HA monitor the hosts status and if a VM is protected by FT, HA does not restart the VM, but simple enable the standby VM.
See also:
Andre
Andrew | http://about.me/amauro | http://vinfrastructure.it/ | @Andrea_Mauro