Reefing offers a broad choice of creatures to keep. My own choice is gobies and blennies and dragonets, which live their whole lives and may happily breed in a range of space I can conveniently provide, even in a 54g tank. Food arrives daily, they have a range of live food from a fuge, they have ample space for their burrow and they have no sharks, rays, or hungry fish to make a meal of them and ten others of their size at once. So if fish can be said to be happy in an environment, mine at least have a fairly cushy spot, and in nature, they wouldn't claim any more space than this anyway. I don't like to go above that size limit, but that's a personal choice based partly on the fact I don't have an 8 foot wall to devote to the hobby.
That said, I can also say---if I had an 8 foot wall and tank to match, I *still* wouldn't get some species, because an 8 foot tank and the technology we have can't keep, say, a Pacific octopus or a leafy sea dragon. There is ALWAYS something you can't/shouldn't keep, no matter how big your tank, and if you want to see these creatures up close, go scuba or go to the Seattle Aquarium, a lovely trip. Join the aquarium society and get a backstairs tour on the offered days, and see how it all works. It's an education, and it supports public awareness of the value of the ocean.