Well, I don't know if the fading is definitely related to the halides. I have what some would consider an insane amount of light. Mounted in my canopy 11 inches off the water are four 400 watt Radiums in Lumenmax Elite reflectors. My tank is a 72L x 18W x 27H 150. I don't think my SPS have ever looked more colorful. Granted, my rockwork is only a little past half way up, but I like to keep clams on the sandbed and have SPS growing out of rocks on the bottom of the tank. 250 watt bulbs should be fine however the reflector will be the deciding factor. Even with 400 watt bulbs my Crocea and Maxima Clams wanted more light on the sandbed when I was running Spider Reflectors. A high quality reflector that can punch light deep can be hung higher than most and still give excellent par and spread without causing heat. Cheap spider reflectors need to be almost 4 - 6 inches off the water to have any affect, thereby losing the ability to spread the light out from a higher distance while not sacrificing intensity.
Which reflector do you have from HelloLights? I believe the main reflectors you see in most tanks these days are Lumenarc, Lumenmax, and Lumenbright. The Lumenarc can be more versatile as it can be installed in most conopies as is with great light spread, where as my Lumenmax Elites and the Lumenbrights create a high par spotlight that can burn corals if they're hung too low. People run Lumenbrights at 16" or more off of the water surface with excellent results in growth, par measurements and light spread.