E. quadricolo, aka bubble tip anemone/BTA.
For lighting, a T-5 HO, metal halide, or quality LED system will do. It really isn't so much about type as it is about light output. T-5's and MH are well known, with easy selection of what you need. LED's are really just maturing and are rapidly changing as people experiment to determine what combinations of LED colors produce good results.
ReefBreeder LED's are getting a lot of buzz right now. If I was in the market, they would probably be on my short list.