The M138 will fire the "250W" radiums reliably, but it will under drive them with too little current. Under driving them will make them appear too blue.
Radium's specifications for the lamp actually call it a 270W bulb, not a 250 W bulb.
The correct ANSI ballast to use with the 270W Radium bulb is the ANSI M80 ballast. ANSI M80 is the closest ANSI-specification ballast to the true European HQI specification. M80 is also a pulse start ballast. It will drive the bulb with a similar amount of current to a European HQI ballast. Both the Euro HQI and the ANSI M80 will drive the bulb with more current than ANSI M138.