Im not saying you should now go all out SPS because T5s are best suited to them, I am just warning you that you should definatly put the lower light stuff in safer areas. I wouldnt advise puting SPS in there until your tank has been stableized for atleast 4-5 months. At that point you could try some digis (montipora digitata) or something like that. I definatly wouldnt advise any acorpora species for a while.
As for LPS, it totally depends on what ones your talking about. My frogspawns seem to do well, but they are only about half way up in the tank. My candycane have not faired so well. I had to move them to the bottom and put them under an overhang because they wouldnt extend. Your just going to have to watch your corals closely and determine which of them are light lovers and which arent. It will become apparent rather quickly, and some may take several weeks to adjust.