I'm not in the camp of any type of lighting. My opinions are never static and I'm always reassessing different options for what's best at the time. Plenty has changed in my 15+ years of reefing and it would be foolish to stick with what I once knew to be best, just out of stubbornness. Unfortunately, there are camps to the point of silliness in which people work towards finding arguments within another's comments.
When it comes to lighting, I truly want the best option that results in colorful acropora coral. Acros are really the only litmus test that I find valuable as every other type of coral is generally within a limited range of color potential.
There are a few things I look for in my lighting.
Intensity
I want strong light that is capable of creating high levels of PAR throughout the entire depth of the tank. Alongside this, I want the light to be visually bright and appealing so I can enjoy my aquarium. LEDs have high amounts of PAR, but usually at the expense that they are turned down and lose out on potential visible light. It's also difficult to know what's enough or too much without additional measurements. T5s give very strong PAR evenly from top to bottom with no need for adjustment and do the best job of visually illuminating a tank completely, almost to a fault of giving a flat appearance. MHs provide strong but the least PAR, and have similar visual brightness as T5s but with added movement through shadows and glitter lines.
Diffusion
I want light bouncing everywhere, from the sides and even from underneath, especially when acropora colonies become large. I want healthy undersides and beautiful color deep into branches and not just the first few inches of the coral tips. Colonies should grow naturally symmetrical and not towards or away from strong single point light sources. I think T5s have a slight edge over MHs with their individual reflectors creating a panel of light, while LEDs struggling here and rely on inferior lenses to refract light and color spacing to blend a spectrum.
Color
This one is tricky since there are two types of color. Instant perceived color and actual long term coral pigmentation. LEDs are the big winners in the perception of instant color pop. The same coral will look different under each light source, but most flock to the blacklight-like blue LEDs. T5s follow with instant color rendition but with a more natural appearance. Lastly, MHs are similar to T5s but they require more supplementation while providing the most natural color.
However, when it comes to actual pigmentation, LEDs have struggled to give the complete spectrum provided by MHs and T5s. Every new LED generation has different color mixes still searching for a better more complete spectrum, whereas MHs/T5s have time proven bulb options with optimal spikes at the right wavelengths. LEDs are getting very close but are still experimenting with every fixture release.
Considering these points, yes, success can be had with all options. But to me it is much easier to have success with Acropora coral using the more diffuse light that is set it and forget, like T5s and MHs.