Hi tdanks, I thought I'd chime in here as I recently moved from a 4 X55W Power Compact setup to 4 X 39W
T5s via an IceCap 660
ballast. At first it would sound like I've actually down-graded my lighting; but that
ballast supposedly over-drives the 39W bulbs to 60W. My impressions are that the
T5s (with individual reflectors) give off noticebly more light than my
PCs. I haven't taken any actual measurements, so this is based purely on appearance (which is not the same as "useable" light). The
T5s also seem to give off less heat, but not significantly. I've also heard that
T5 bulbs do not need to be changed as often as
PCs, but I don't know if anybody has actually done the tests to prove that.
When planning my upgrade, I originally wanted to go with
metal halides but my canopy wouldn't allow it and so far I'm happy with the alternative.
I do have a few medium-light corals (Xenia, Frogspawn and Candy Cane) and they seem to be doing well under this new lighting. You did mention that you wanted an anemone and possibly corals down the road...As NaClFinatic mentioned, it's not a good idea to mix motile inverts (anemone) with corals as the anemone can actually move and harm the corals.
Hope this helps,
Jason