We have lit reef tanks 18' and 25' deep. 1000W MHs will work fine. We use Hubbell stadium fixtures with Ushio 10,000K bulbs. We used Sunmaster 6500K bulbs previously but were unhappy with the inconsistent color rendering.
Based on PAR readings these fixtures are perfectly adequate to grow any coral you like at 12' depth. The trick is that you need to overlap the light beams strategically. At that depth you can double or triple up fixtures to light up the same area. The Hubbell reflectors come in different shapes based on your need, there are wide vs. tight beams.
I would stay away from 2000W fixtures if you were considering them.