Yes, most plants will prefer the acidic conditions, but many won't tolerate the higher temperature. There is some research into selecting appropriate plants.
I would personally disagree on the need for t5, as I have seen heavily planted tanks with normal output. But it comes down to plant selection. Cryptocorns and Anubias, as well as java fern and some sword plants will do OK in "lower" lights. For maximum selection of plants, I would suggest getting stronger lights. There are definitely plants that require it, but it is not impossible with "lesser" lights.
I would also suggest a substrate for planted tanks such as laterite with fine gravels. Carbon dioxide systems are also recommended for heavily planted tanks. I do not see the need for heavily aerated water...to maintain lower pH, in fact, you don't want heavy aeration (hence the low flow, and the carbon dioxide "injection").
You may even look into a substrate heater.
Instead of additives, you can also run peat moss in the filters. "Black water" is basically tea. It is tannins and such leached from plant matter (exactly like tea
) so running water through peat moss provides this same effect. This also reduces the pH.
I personally would not go under a 55 or so for Discus at a minimum.