I hadn't heard of this light until I read about it here in your thread, so I know very little about it. That won't stop me from commenting on it though

Just to clarify, "HID" stands for "high intensity discharge" which encompasses metal halide, high pressure sodium, mercury vapour, plasma, and anything that we can call "bright".
You have a wide tank so focused light fixtures may be too much of a spotlight. It may be better if you had one fixture on each side of the reef angled 30 degrees back toward the reef, pointing at each other. This would minimize shadows and keep light off of the viewing panels while allowing the spotlight to focus on corals rather than just the top of the reef structure.
Selecting intensity (wattage) is a matter of water depth and the type of corals you want to keep. If you plan on having SPS, than you need to be at the high end of the scale. The rule of thumb for selecting intensity with a mixed reef is...
150/175 watts for tanks up to 24" in depth
250 watts for tanks up to 30" in depth
400 watts for tanks up to 48" in depth
1000 watts for anything deeper than 48"
The 3' width of your tank will allow you to use a light on the brighter side (400 watts) without casting too much light on the open sand and viewing panels. Your 150 watt MHL lights will not be enough for even basic soft corals. A good reflector can make a big difference on the total light output. The undersized reflectors that come with the light you have selected cannot possibly compete with larger parabolic reflectors. Most of the light is reflected right back into the bulb with small reflectors.
I'm nitpicking, but I don't like computer/muffin fans on light fixtures, as they are noisy and less efficient than larger blade circulation fans. A properly vented fixture with a heat sink doesn't need a fan. Fans should be reserved for aiming down at the water for evaporative cooling. I can't tell from the pictures. but they may also have the fans pointing the wrong direction (up). When you want to recycle the heat trapped at the ceiling, you have a ceiling fan spin so it pushes the air up against the ceiling so the heat runs across and down the walls to the floor. This appears to be what the fans on these fixtures do. In other words, all of the heat generated from the fan will be pushed into the eater when you aim the fan up. The fans should point down, as moving air is cooler and the reverse effect will happen as hot air runs across the surface of the tank and up the walls to the ceiling where it collects and hopefully is vented out. It's a good idea to install an intake vent at the floor under the tank. As hot air is pumped out near the ceiling, cool air from your floor will replace it. You should buy a directional laser (point & shoot) thermometer to get readings all over your fish room and around the tank.
http://hardwareaisle.thisoldhouse.com/2008/08/point-and-shoot.html
I haven't heard of any new LED technology from Philips. They have been six months behind Cree for a few years now. You have to be careful what you read or hear in the lighting business, as the numbers can be manipulated to make it sound like something it is not.
It's a matter of personal taste, but I'm not all that crazy about actinic lighting. I am however sold on moonlighting as I like watching the lunar cycle and the subtle eerie colours at night. I find actinic lighting is too over-the-top for my taste. An alternative is to use really blue 20,000 K 150 MHL watt lights in concert with 13,000 K 400 watt lamps for PAR. You can set all the MHL lights on a timer system so the lights come on in the morning and shut off at night one light at a time, 15-30 minutes apart with the "sun" rising in the East and setting in the West.
If you had selected a 250 watt fixture, you could go with the "wait and see how it looks" approach, but I think you are better off using these fixtures in your fish room or reselling them before they depreciate (as soon as they are out of the box). If you are not sure about how it is going to look you should borrow a few fixtures and test it out. I have been surprised myself on more than one occasion and had to go back to back to the drawing board.
I have a water-proof lux meter but I haven't gotten around to buying a quantum/PAR meter yet. I know where I will be able to borrow one soon though
A quick general lighting tip... wash the protective glass lens weekly, as they can greatly diminish in intensity with salt build-up. People spend a fortune on updating their bulbs and fixtures only to have that light filtered out by salt on the glass. It's the cheapest lighting improvement you can make. A new single edged razor blade and some vinegar on a lint-free cloth is all you need. Just remember to let it cool down first. Also make sure your loc-line sump returns aren't spraying the lens. I find loc-line cavitates and leaks when used out of the water.