If you want to go really old school I know a LFS that has a 3 bulb 250W HQI with PC's marked down to about $100! HAHA. I might have scooped it up, but my wife gets migraines so I need to make sure my lights are in a canopy so you can't look directly into them.
I really like T5's I was an early adopter, and I've been using a Tek T5 Retro over many FW and SW tanks over the years. I do miss the glitter lines, but I love the color I get with T5's. Just an FYI, ATI and Guismann bulbs put out double the par that bulbs like Coralife do. I've been shocked by some of these results.
I see that you live in Orange, I'm in Fallbrook now, if you want some frags or want to borrow my PAR meter let me know! I have some high end stuff and love to trade and have my corals in someone else's tank just in case. Plus it's good for the hobby!
You can see a couple pics of my tank here:
http://www.reefcentral.com/forums/showthread.php?t=2644015
Whiskey