Using either the default %hostname or an explicitly specified value with an expansion token (e.g. %fps) works. If a value is specified in prudynt.cfg that doesn't contain a token prudynt will eventually crash when OSD::set_text calls IMP_OSD_UpdateRgnAttrData.
Typical dmesg output looks like:
[38003.835031] do_page_fault() #2: sending SIGSEGV to p2 for invalid read access from
[38003.835031] 00000002
[38003.835054] epc = 76f77bc8 in libc.so[76f0c000+b8000]
[38003.835087] ra = 76ebf634 in libimp.so[76dfc000+107000]