I would lean towards the hybrid. It would give you a lower bulb replacement cost, additional control-ability without sacrificing too much spread and (in my opinion) a more dynamic look to the tank.
Side not: I have 2 reefbreeders photon v2's and am a big fan. haven't had any big name brand LED's to compare with though, so take it with a grain of salt.
The point of that though is to say that if you do go with the photon v2, and the aquatic life (I have the first version and am guessing the newer model has the same interior dimensions) the photon does not fit in it in the stock configuration. You either have to set it over the attachment rail's (doesn't block any diodes) or ideally get the 24" extension kit for the aquatic life fixture.