Personally I feel MH is the best for growth, replacement cost, shimmer and color.
Down side is heat, and electricity use.
T-5 works excellent for growth and colors, but no shimmer, lower heat and less electricity
Lots of bulbs to replace but can fine tune color spectrum
LED, higher start up cost, lower electric and replacement cost.
I don't feel 100% there yet overall. Many have succesful SPS tanks with LED's tho.
DIY is the way to go!
All 3 can and will work, all have pros and cons, just have to figure out what makes sense for your setup. Some mixing of the technologies works great to.