Here are some better pics of the multichips as promised. I hope these aren't deemed as commercial in nature, as I am only trying to illustrate how 400w of LED can replace 1200w of metal halide and T5. I didn't post any shots that show livestock to keep it within the RC guidelines.
The multichips provide the same PAR as the outgoing 250w MH (300 in the centre and 280 at the outer edges using the 120˚ lenses with the fixtures 2' above the water surface. The 90˚ lenses provide 400 PAR at the centre and 200 at the outer margins (18" out from centre).
The 20K multichips are a lot bluer than the 14k Phoenix, and even the generic 20k MH we had in some fixtures, so the PAR is likely higher with the LEDs considering the limitations of quantum meters and blue light.
The MH fixtures were heavy, extremely hot, and expensive to maintain. The new LEDs look sharp and give the same shadowing/shimmer as the MH. Water temperatures are way down and corals look much nicer.
Here's a shot of the old metal halides which served us well for the past 9 months.
Here is the same angle with the LEDs. You can see how the LEDs focus the light in the tank, rather than on the floors, walls and ceiling. The LEDs also provide an awesome light show on the ceiling

The PAR at the top rim of the tank was 200 with the MH and only 10 with the multichips, so algae growth is greatly reduced on the glass, yet the corals along the outer margins still get 200 PAR.