I agree with ReefNut, it depends on what you are going to do with the tank. Personally I have 10 96 watt CF lights. 10 lights and 10 ballast. Lots of light but lots of heat.
Like Jrisgr8 I am trying metal halide lights (2X250) and I get a lot less light. I am still watching my corals to see if they like the MH over the CF lights. I suspect I will use a combination of both by the time I am done.
You may want to remote mount the ballast to keep some of the heat out of your canopy (assuming you use a canopy).
BTW, There is a guy on the auction site (don't want to mention name in this forum) selling rebuilt 250 watt MH with new reflector and bulb for 90 bux. It is pre-wired and ready to plug in. Consider the price of replacing 6, 8 or 10 fluorescent lamps versus replacing 2 or 3 metal halide bulbs. I think halides last about 50% longer before needing replaced.