Most places recommend replacing T5 HO bulbs every 12 months for actinics and 18 months for daylight bulbs... (normally driven, overdriven is 12 months even for daylights) This is the first I've seen as short as a 9 month replacement period suggested for T5 HO bulbs.
There's 5 T5 HO bulbs on our 90g (all with IceCap SLRs), 2 normal driven / 3 overdriven, and there's no issues growing anything from mushrooms and zoas to open brains and acans to Montiporas and Acroporas in our tank. It's all about coral placement. Can I grow SPS in the upper half of the tank, certainly, but not so on the sand bed. But, there's a clam just off the sand bed that's doing well. Generally, I don't see much for limitations when it comes to T5 HO lighting that's done right. I could add a 6th bulb and have more flexibility, but there's little need for it considering what's currently in the tank and the results I'm seeing. If I wanted some of the higher light Acros, I'd have to install a 6th bulb, but those aren't something I'm into at the moment.
I'm not sure where 8 - 10 bulbs on a 75g+ tank comes from... Considering that the quality reflectors approach 2.75" - 3" in width, someone would be lucky to squeeze 7 bulbs over a 75g or 90g using quality reflectors. I've seen 8 T5 HO bulbs on a 120g that grew SPS well with good color. Even getting 9 - 10 bulbs with quality reflectors over a 120g would be kind of tough. T5 HO lighting is all about quality reflectors and proper bulb choices to suit your needs and taste.
Yes, 8 T5 HO bulbs will run about $200, which are a bit pricier than 2 of most any MH bulb, but if there's going to be any actinic supplementation in conjunction with the MH lighting, the cost difference is a wash by the time the cost of replacing the actinic bulbs is factored into the equation. I've seen comments referring to it being cheaper to operate T5 HO lighting than MH lighting (utility bills), but I've yet to see anything I consider to be definitive on the subject.
T5 HO lacks shimmer, but that's just not particularly important to me. Some like it, others need it to be satisified... I guess it just depends where you fall in that range.