The older PAR meters will start to miss a lot of output at 420nm, and below. The newer ones will do well down to 400nm. T5 bulbs do put out some UV that the sensors cannot read. This is not as large of a percentage as MH are, but it is still something... and details matter. Remember that the lower nm lighting has more energy, so do not discount the UV from 350-400nm which is very useful in both photosynthesis and illumination. When you see colors improve by adding the T5s, the true UV (not Violet that is advertised wrongly by LED manufactures as UV) will be part of the reason why.
Something like an actinic might be 10% more light... B+ 5-8% more... not all of the light in the world or anything, but something to keep in mind. Some MH can be 20% more. Some people shy away from True Actinic bulbs because the PAR is lower than a Coral Plus or Blue Plus, when in actuality, it is just a problem with the sensor reading the bulb.
Good luck.