I'm going to sound like a broken record... sorry...
I still recommend the IceCap. It will overdrive T5 lamps (yes, it can run T5) and again, you can mix & match bulbs. My concern is that the T5 is still too new to fully understand if they are better, worse, or just a wash. I like the fact that they are so intense but I'm not convinced they function better than VHO.
So, if you go with the T5 retro and it doesn't perform for you you'll need to throw out your whole system. If you go with the IceCap you can just replace the endcaps & bulbs.