Mxsmanic wrote:
In real life, do most pilots equipped with autopilots use them to fly
holds (i.e., by using the HDG function of the autopilot, and possibly
altitude holds or autothrottle if available), or do they fly the plane
by hand through the holds?

Even in the very advanced G1000 aircraft the autopilot doesn't fly the
hold. However you can manually set the heading and drive it around the
hold. The GNS 480 will drive the hold and is awesome but its just a
box, not an integrated system like the G1000.
The best thing about any IFR GPS system (430,480,530,G1000) is that it
gives you the entry procedure. That's 95% of the complexity of the
hold, fingering out the entry.

When you are tested on your ability to fly holds, do you have to fly
them by hand, or can you use the autopilot as above?

Usually when you are being tested on holding you are being tested on
two things...
1) Using a correct entry procedure (or at least staying on the safe
side) and
2) Timing the hold to arrive back at the holding fix right at the EFC
time. A hold can be 4,3 or 2 minutes so you mix them up to make the
time come out right.
Just the flying around in circles part isn't anything difficult itself.

Note that I'm not talking about fully automated systems that will fly
the entire hold pattern automatically, I'm talking about just using
heading and altitude controls in the autopilot to simplify the task of
turning and rolling out, turning and rolling out, over and over.

Usually you do use the autopilot, because the hold is usually when you
are briefing the approach. Pre-approach is the busiest time because you
need to study the approach.

In real life holding is about as common as being hit by lightening.
Even when you do get a hold its usually just a vectored hold, not a
formal procedures. The only time you really get to fly holds is to
remote airports without ATC when the approach procedure requires a hold
for the procedure turn.

-Robert