My input on the lighting, mostly from the research I went through a few months back, and I went through ALOT:
* LED's just don't have the output, YET. If you group enough of them they do, but its still not cost effective. I called a couple engineering buddies in that field and they are telling me its going to be another 18 months (moores law?) minimum before they become cost effective in California (where I don't live). It will be multiples of 18 months before they become cost effective in places like Illinois. (.13 kwh)
At the end of the day, besides the "coolness factor" You can either get the par you want with MH or with MH/actinics, or go all T5. Either way will do it cheaper than LED.
* I have a 10 foot tank. I looked at peoples tanks that were 10 feet and 5 feet to see what they were doing. If you go to Reefgeek.com you CAN get all the bulbs in 5 foot sections. You have several options. Get a 5 foot fixture, or a 4 foot fixture. If you have the time you get more bang for the buck building the fixture out of icecap SLR's. You can choose to run the bulbs overdriven or not. If you overdrive the bulbs you lessen their life and shift the color output because of the higher energy.
On a 10 foot tank I opted to go with 2 4 footers for practical purposes. IT easier not to have them jammed together (inwall tank and one short side is viewable) along with the fact that the fixtures I picked were 12 bulbers and have a tendency to burn the bajesus out of stuff. I wanted small "holes" to put more light sensitive corals.
So if I were you I would either:
1) Build a slr kit if the mounting isn't going to be viewable and you have the room for a bulky light rack and you have the time.
2) Buy a non overdriven 5 foot pendant if you have the $. Your only real options in the US are Geisman and Sfigoli. ATI is rumored to make one for US consumptions but I've never seen it for sale .
3) Buy a 4 foot pendant if you cant do #1 and don't want to spend the cash on #2.
Notice I did not mention MH's. I like the flexibility of being able to change you color in increments with t5's and being able to bring on banks separately for sunrise and sunset. The granularity is much smaller in engineering speak. Plus IMHO if you run MH's you need to run supplemental VHO actinics anyways, so why not just run the T5's? The only reason I see to run MH's is the easier mounting options of them, the smaller pendants, and the shimmer if you like that kind of thing.
Anyways thats my analysis.
