I remember the MHs also. Like a miniature sun. Not to worry with LEDs. The T5's produce way more heat than the LED's, which barely get warm.
I run a 12-hour day on the tank. "Sunrise" starts with the LEDs ramping up. The T5's come on for 7 hours in the middle of the day (don't ask why 7...I think I started at 6 and added an hour at some point). The LEDs ramp down for sunset.
The ability to control intensity and color of the light over the day is a huge plus for LED. I can also run a lunar light with them. However, the LED is more of a point source light compared to the tubular T5, so you need to think about shading and light coverage as things grow. That's one reason I like the combo...the T5 mitigates the point source issue.
I rented a par meter and took a bunch of readings with each type of light separately, a few different power and temp settings for the LED, and both together. I have a mixed reef tank and PAR at the top of the reef runs in the 300-350 range and the sand bed is 200-250 when both are running at 'noon'. Now I feel more confident that I am delivering the correct intensity and color of light for the life in my system.