What you need to do is look at the ballast. Don't assume that a 175 watt electronic MH ballast uses the same amount of engergy as a 175 watt magnetic ballast. Both are design to fire the same wattage bulb, but they may use different energy.
Take a look at each ballast. There should be a amp rating on it. Multiple the amp by volt, that will give you wattage. So on my IceCap 250 watt electronic ballast, the label says that it uses 2.35 amps. I measured my voltage at 120V, that would give me 2.35A x 120V = 282 watts. So in my case, I am using up about 30 watts just for the ballast.
With that said - a 220 watts PC will still use more power than a 175 watt MH - unless you find a super inefficient MH ballast.
Minh