Is Dark Leopard MS the HMS form of Flash Leopard?
Is it worth collecting?

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Officially no, it is not connected with Flash Leopard as far as I know, otherwise it would be called Flash Leopard MS, just like Dragoon went to Dragoon MS.

There is a Q&A topic you could have posted your question in instead of creating a new thread that would be closed as soon as it is answered.

To know whether it should be purchased, reading our Beywiki articles is always the best thing to do: http://wiki.worldbeyblade.org/index.php?...Leopard_MS