You're right, a core design is much less efficient. That wasn't bigmac's point, or mine.
I did some searching on this topic, and you really can't get a straight answer. If you look up a company that sells electronic, it's electronic over magnetic, and vice-versa.
Anyone here done any testing with current in, current out, power factor, etc.
Obviously a magnetic is very inductive, so it has a low power factor, maybe .7 or .8, but it might indicate that the electronic would have a higher power factor, above 1.0, due to it being capacitive. Numbers I've seen have indicated magnetic ballasts around 88% efficient, with electronic around 93..