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Allowing for a “virtual” full actuation of a rotary inverted pendulum (RIP) system with only a single physical actuator has been a challenging problem. In this paper, a hybrid control scheme that involves a pole-placement feedback controller and an optimal proportional–integral–derivative (PID) or fractional-order PID (FOPID) controller is proposed to simultaneously enable the tracking control of the rotary arm and the stabilization of the pendulum arm in an input–output feedback linearized RIP system. The PID controller is optimized first with the particle swarm optimization (PSO) to obtain three optimal gains, and then the other two parameters of the FOPID controller are optimized with the PSO. Compared to the optimized PID controller, the optimized FOPID controller improves the tracking and stabilizing accuracy by 53% and 29%, respectively, and demonstrates better adaptability for tracking different reference signals. Moreover, the hybrid FOPID controller exhibits 74.8% and 53% higher tracking accuracy than previous optimized model reference adaptive control PID (MRAC-PID) and linear–quadratic regulator (LQR) controllers, respectively. The proposed hybrid controllers are also digitized with different rules and sampling times, showing a closer performance between the discrete-time and continuous-time hybrid controllers under smaller sampling times.