In short, no a 150W bulb can not be run safely on a 250W ballast. MH is a totally different animal than incandescent lighting and incandescent rules do not carry over to the HID world. Bulbs and ballast must be properly matched not only in wattage but also in technology ie. HQI, Probe Start, Pulse Start etc. The ANSI number on your ballast will serve as a guide to which bulbs are to be run on your ballast: a bulb spec'd for a M### ballast should be run on a M### ballast and vice versa.