My 90 gallon which is just a few inches taller than the 75 has 2-250watt halides, and 2-110 watt VHO. There is one softie (sinularia) almost touching the waters surface, and a sarcophton just above midway up, and both are growing well. Its all about acclimation.
As far as the 8 bulb T5 fixture I'm not sure, you could get in touch with the manufacturer and see how the lamps are switched. You wont be running all 8 bulbs all day, you should stagger them so all 8 are only on for a few hours or so during what would be midday. The more switched circuits the better, I would hope for 4 so you can run the bulbs in pairs.