That's only a problem if you had to buy something
right now. Since you have time, it's just part of the fun.
It seems like you get the best of both worlds (sort of) with a hybrid
You get the worst of both worlds too...there is no free lunch, as usual.

Unless you really need both, I would pick one.
What other less expensive leds would you recommend?
Well, taking Gus's advice and waiting for a sale is never a bad option.....patience is a great way to get a "less expensive" LED.
I'm really not picky...I use a Maxspect Razor on one tank and a $40 DIY design on the the other....both grow about the same corals. I obsess over growing corals big and happy, and that's really not that hard to do. Generally speaking, they look GREAT when they're growing big and happy. All that is to say, is we can probably help you set up about any light to work properly.
No matter which light you choose, using a light meter is crucial. Get one if you don'y yet have one. Start with a lux meter if a PAR meter is not in the budget and unavailable.
You can search the forum for threads on it, or click these tags (#lux #meter) or just go online somewhere and buy an "LX-1010B" lux meter like mine. (It's a basic, inexpensive model, with a corded sensor.)
If you want to add an LED that's similar to the light from T5's, then consider LED strips like the TrueLumen Pro and Orbit Marine Pro.....or at the higher end, take a look at GHL's Lightbar2.
Maxspect's Razor or something like the SBreeflights wouldn't be bad "similar" options.