it really depends on what you want to keep and the size of the tank, for most corals - VHO (very high output) or PC's (power compacts) do fine. But for larger tanks, SPS (small polyp stoney), and clams people use MH (metal halides). Their light is very intense and deeply penetrates that water. People do use VHOs for larger tanks but you just have to use alot of bulb.
HTH,
Mark