Sorry, Slipknottin, I have to disagree with you on this one. It is true that Radium bulbs will not operate correctly on standard can-and-coil ballasts, but, they are something of a special case and there is a reason for that. Radiums are a German made bulb designed for ballasts operating on European input voltages and a 50hz cycle as opposed to US voltages and 60hz cycles. The pulse-start ballast helps overcome these differences, but most widely available bulbs do not have this limitation. I've seen several studies on the differences between different halides on different bulbs, and in most cases the percentage differences on light output vs power consumption are in the single digits. There is no question that Radium's are excellent bulbs, but they are not the only bulb choice, and they are expensive for someone working on a budget system.
Nor do I agree that a bluer bulb is necessarily better for coral growth. The blue bulbs are excellent for color rendition, true, but IME they do not have a significant effect on growth. From the standpoint of wild corals - and most still are - SPS corals will typically be adapted to a color temp in the range of 6500K to 10,000K; Softs and LPS from slightly deeper water will be adapted to light in the bluer range (10,000K plus). That's simply a factor of how water transmits light and the respective depths at which things grow, hence my comment that the type of bulb to choose will depend a little on what kind of animals you want to keep. I didn't mean to suggest that wattage isn't important, but normally you can choose a variety of wattages within each color temperature range, so you have more flexibility to work around wattage needs.
--Alastair