I think I'm sold on using LEDs - low power consumption and minimal heat. I think there's enough evidence out there to support they do in fact work.
If you are still unsure about leds, let me put your mind to rest. I've been using leds exclusively for the last 5 years. Early on I had Chinese black box leds that I bought directly from EverGrow in China (now Reef Breeders in the US sells the EverGrow made fixtures under the RB name). That was a mixed reef 180g tank and everything grew just fine. They were a basic 2 channel fixture with the ability to do sunrise/sunset, but as far as the light they produced, any 100% black box fixture like MarsAqua will produce virtually the same light and grow coral.
For the last 3 years I've been using Reef Breeders Photon V2 fixtures (still made for them by EverGrow in China. I had a new 120g DT and it was full of sps corals (mostly Acros) and they were colorful, healthy and growing. But I lost them all due to a chiller failure to turn off. So now I have a 40g cube as my DT and I'm still using a RB Photon V2. But this tank is full of zoas and RFS'a (Rock Flower Anemones) that all fluoresce colors like crazy when the blue leds are on. And my RFA's have even spawned 3 times in the last 18 months giving me dozens of babies!
Do I think leds are OK for corals? What do you think?
They make good light, they are able to adjust the look of the tank from white to blue at a touch of your finger, they can do sunrise/sunset, they run very cool, they virtually never need replacement bulbs... I'd only consider t5 or MH if they could get to that level of flexibility (never).
One last point, if budget is an issue, the $100 Mars Aqua basic led fixture can do the job just fine. If budget is less of an issue and you want more features, Reef Breeders Photon V2+
is by far the best value in a full feature fixture. And if money is no object, you are welcome to spend more on EcoTech Radions oe AI Hydras. Although they offer very, very little more in quality or features than the Photon V2+ and cost 50% to 100% more!
https://flic.kr/p/27mrAwC