Sorry to keep pushing the "other" forum, but you are interested in DIY-LED for nanos, nano - reef.com is the site you want to visit. LEDs are pretty cost effective for nano aquariums, so there is a lot more, and a lot better, IMHO, discussion about them over there. evil66 is the resident LED guru over there.
Randy is right... workhorse ballasts are cheap and great if you want to go with T5. Did you confirm somewhere that the 16.5" + endcaps will fit in your hood?
Why not a 70 or 150w metal halide? Less than $150...