Essencereef, yes he will be "fine" as you say running the Radium on an electronic ballast, but underdriving the bulb is the same as overdriving it.
The Radium will lose intensity and color spectrum on an electronic ballast around the 6 month mark. Corals will respond to this and even some nuisance algae could develop as the color spectrum shifts to red. That's right. It doesn't get more blue, but more whitish yellow in the red spectrum. When they go bad you'll swear you see red tint. You can definitely run them, but $240 every six months plus shipping doesn't sound too economical to me just to run the Radium. Keep that up and you could have paid for M80 ballasts in one year. I know there's plenty of people out there that run Radiums on electronic ballasts that will chime in and say that they only change their Radiums once a year. No need to chime in. You're still burning them out at 6 months' time. This is just the way it is and it's been written about countless times on these forums and proven true by a par meter and Sanjay's testing results. There's a lot of people whose cars run fine without oil changes for 10,000 miles, but it's not exactly the long term best thing to do for your car.
I hope this helps you make your decision. Regardless of what others say, there are plenty of bulbs that, when seen, look much like the Radium. This bulb has a deserved cult following, and unless you are looking at a Radium tank right next to yours, it would be next to impossible to tell the difference. Many people who have the M80 ballasts running Radiums (myself included) will be SOL if Radium stopped producing these bulbs because there aren't a heck of a whole lot of bulbs at our disposal (save the Phoenix 14k) on our ballasts to get close to that look without overdriving them and replacing them every six months. On an M80 ballast they need to be replaced at 10 months to a year, but really no more.
Just my .02