Abhishek,
They looked very similar. On different tanks in different rooms, I could not tell. On the same tank, you could see just a little bit in color difference but you had to look hard (on the contrary, 20K Radium on electronic was like a different looking bulb). I don't have a spectrometer, but Dr. Joshi's results seem spot-on to me - you can overlay them on the old site (not sure about the new). Both grow like crazy.
I moved to DE fixtures (AquaMedic AquaSpaceLight and OceanLight) on my displays to keep open tops and hang them. This is why I have no heat issues. I like the aesthetics better than a hood and I like to look top-down a lot (the best way to view, IMO). This took me to 250W 14K Phoenix on the displays. The only downside to these is that the reflectors are smaller and the output is less on the ends and in the front - the overlap between the bulbs is still strong. I still do use the 20K Radium over my frag tank, but at 11-12 inches deep and most of the frags at half of that, 400W just is not necessary. I take frags from tank to tank without acclimation and they never complain - ironically, I keep 7.1 dKh on the display, but 12 in the frag tank with slight higher nutrients. I do not supplement with any other bulbs - I would just rather run another Halide than run the same wattage in T5s.
I still have all of my 400W PFO HQI ballasts - I won't ever get rid of them. I have a 960G 14' build coming up and I plan on mixing about 4 400W with 6-8 of the 250W on it. I run 8 250W now. The eight cost me about $73 a month minus what they save in heating which I cannot measure.