I see your point, 21ducks. I'm no expert when it comes to equipment power consumption, but I hear ya.
I have done some research and have narrowed my choice to the JBJ Artica 1/3hp. Alot of people seem to like theirs and it's not overly priced. I've seen some run at the fish stores and they don't seem loud and are fairly compact. I've talked to JBJ and used their website to calculate which size chiller I need. According to their website and all the lights, powerhead, and pumps I'm using, they recommend their 1/3hp model. The JBJ rep however recommended I get their 1/2hp due to the three halides I'm running. Go figure. I guess if I go with the 1/3hp it won't be oversized afterall. My halides are about 9" above the water, and I have fans runnings in the canopy and sump, so that will help take off some load of the chiller.
JT