For that size reef tank you would definetly need metal halides...I would get 2 250 watters with 10k bulbs....there are all kinds of options with metal halides...once you get them you will probably want to get actinic lighting as well...your best bet is to get the icecap 660 ballast with 2 actinic bulbs...some people will suggest the dual 400 watt metal halides....its up to you, personally I am a little scared when it comes to that much lighting...but then again you have a huge tank too...I have 440 watts of vho over my 60g and I think thats a lot...with the dual 400watt halides and the actinics you could keep anything including clams and sps...
You would need around 200lbs of sand to get a 3" inch bed I think...and I would put in around 100lbs of LR if I were you...
good luck