T5 vs halide. Depends on what setup you've got. If you spend the money on a nice T5ho fixture like a TEK, Aquactinics, ATI, etc, then you can have PAR easily comparable to halides (there's numbers on --).
Depends on what your preference is. Halides will give you a nice shimmer, whereas the T5 will light the tank evenly. T5 will last about 12-18 months (I change them a little sooner) halides last about 10. With a T5 fixture you can mix different bulbs to get different looks, but with halides you're stuck with the color of that bulb unless you have some form of supplimentation.
Heat depends. T5 run hot, halides run hot. The difference is that the T5 will distribute the heat over a larger area, but the halides tend to focus it. People have run 250w halide bulbs over 30gal tanks without temperature problems; you just have to be able to deal with the heat.
For a 30gal 4-6 individually reflected T5ho, or one 250w halide (you might be able to squeeze by with a 175w) would let you keep whatever you wanted where you wanted in the tank. LPS, SPS, clams, anemones all fine.
HTH
-Justin