The running costs have been talked about throughout this thread and it's not that much of a difference when you consider the high costs of LED fixtures. And many people are able to run MH/T5 without needing a chiller.
The electrical running costs are maybe $100/year more for me on my 7' tank. Of course this can change drastically depending on your areas electrical rate.
Personally, I don't see ANY benefit to the daily spectrum change other than the "cool" factor. I have two banks of T5's that come on one at a time for dawn/dusk.
After running LED for two years, and being back to MH/T5 for almost a year now, I can't go back to LED unless things change drastically for the better.
You created a thread about being responsible for fish jumping out of our tanks.
IMHO, running LED instead of MH is like feeding your kids McDonalds every day instead of fresh meats and vegetables cooked at home.
Be good to your coral... provide them with quality light!