Neat setup.
I would caution against upgrading to T5HO (how many bulbs?) unless you are planning on going higher tech or are going to be raising the light above the tank significantly. You currently are pretty lightly stocked when it comes to plants, and mostly slow growers that don't need a lot of light to begin with...I'm guessing the algae would love it, but you and your plants maybe not so much.
I would caution against upgrading to T5HO (how many bulbs?) unless you are planning on going higher tech or are going to be raising the light above the tank significantly. You currently are pretty lightly stocked when it comes to plants, and mostly slow growers that don't need a lot of light to begin with...I'm guessing the algae would love it, but you and your plants maybe not so much.