Karsseboom, I really have to consider budget though, while I'm willing to invest enough to keep a successful tank, I do have to keep the college budget in mind lol. In all honesty I don't think I could do more than two MP10s, and that would only be if I got a good deal on them. I plan on using a controller for flow, so I just need reliable powerheads.
Vortechs are the way to go, but not if you're on a tight budget. I'm not sure 2 mp10s would be enough flow for a 75. There are plenty of options out there. If I were on a tight budget, I probably go with a couple of Tunze Nano Streams and mod them. A pair of 6025's modded will easily put you in the 30x turnover rate. Not sure how they would do on a controller, but they'll put out a ton of flow for cheap, and they're Tunze.
As far as lighting goes would you recommend two 400ws or just one, and what do you mean with 20k bulbs?
20K (it's actually 20,000K, but...) is the temp (in Kelvin) of the bulb. 20,000 is more towards the blue spectrum, 10,000 being closer to white. FWIW, I'd go with Radiums.
400Ws would work, but IMO not needed. 2x250w would work just fine on a 75. setting up 2x400 won't cost you much more than 2x250, but it'll cost a good bit more to run, and heat can be a real issue with 400s. If you're setting up a standard 75, 1x400 is going to be sitting directly over your center brace. If your tank is rimless, or eurobraced, with the right reflector I think you could get away with just one 400.
Howso? Electrical bill-wise? Honestly that's the only area where I can slack a little, my parents pay my housing lol. Or are there other advantages that make them worthwhile?
LEDs generally cost less to run, produce less heat, and have cool features (which may or may not be of any use...sunrise/ sunset, cloudy days, etc).
MH run hot, and are costly to run. They do produce a really nice look though.
T5's are kind of in the middle of those two. Not as costly to run, and generally don't heat the tank as much. The don't cost as much to purchase as LEDs, but usually cost a little bit more than MH.