My last tank was 48x30x21h, and I used a single 250watt Ushio 14,000K on a light mover (back and forth the center 24") in a PFO pendant. Flanking this, I had 4x 54wattT5HO, 2 true actinic 03, and 2 blue+. Corals loved it. I could grow SPS on the sand, and the light mover prevented the phototropism. All the lights were only about 5-6" above the water, normally too close for a halide to still get good distribution, but since it moved, this was not important. And no, the light mover doesnt make you dizzy or even look odd. It actually looked very cool.
SOME corals though just seem to color up better under 100% T5's, so I also made a 10x54wattT5HO fixture. This also worked very well and was very low profile.
Next... cool white LED's with T5's flanking for blue/actinic. Those new XP-G LED's can match the output of a 400 watt halide with only about 210 watts needed.