You might want to step this up to 400w - they will cover more area. The 20x20 inch Hamilton reflector covers quite a bit. I would stagger them a bit and put them more over the rockwork if you plan on having any sandy bottom areas.
I would use VHO in a large tank - twice the wattage, but half the bulbs to change (upside) and the same output... but they only have a few colors to choose from (downside). They have enough power to change the spectrum of a MH bulb if you need to shift it a bit. T5 will work fine too, but just need twice as many.
Lighting big tanks will take some wattage. If you skimp a bit then you might not like the results.