I had two 250W MH on my 6x2x2 tank and it looked great.
I now have the same two 250W MH on my 8x2x2 (new bulbs), and it still looks great.
The nice thing about MH lighting is that as the fish move around the tank the various shades and hues of their colours come in and out..... when directly under the lamps, my male lyretail anthias looks pale pink..... but when in the darker areas of the tank he looks more violet...... same with all the other fish too....
Apart from the nice shimmering look, the colours on the fish are better too.....
I'd go with the MH lamps for sure.....
As far as the colour, I can never remember which is more "blue".... the 10,000k or teh 20,000K....... I;d go for teh more blue colour anywhay, whichever it is..... (can you believe I have to ask that every year when changing bulbs!).
HTH
MAtt