Out-of-equilibrium reactions between different particle species are the main process contributing to bulk viscosity in neutron stars. In this work, we numerically compare three different approaches to the modeling of bulk viscosity: the multi-component fluid with reacting particle species and two bulk stress formalism based on the Müller-Israel-Stewart theory, namely the Hiscock-Lindblom and the Maxwell-Cattaneo models, whose flux-conservative formulation in radial gauge-polar slicing coordinates and spherical symmetry is derived in a companion paper. In our knowledge, this is the first time that a neutron star is simulated with the complete Hiscock-Lindblom model of bulk viscosity. We find that the Hiscock-Lindblom and Maxwell-Cattaneo models are good approximations of the multi-component fluid for small perturbations and when the non-equilibrium equation of state of the fluid depends on only one independent particle fraction. For more than one independent particle fraction and for large perturbations, the bulk stress approximation is still valid but less accurate. In addition, we include the energy loss due to the luminosity of the reactions in the bulk stress formulation. We find that the energy loss due to bulk viscosity has a larger effect on the dynamics than the bulk stress or the variation in particle composition per se. The new one-dimensional, general-relativistic hydrodynamic code developed for this work, hydro-bulk-1D, is publicly available.