If you think about it MH are not really all that expensive. A bulbs costs around 100+- and needs changed around every 12-mo (+- depending on the bulb and ballast). Now think of how many PC or VHO bulbs are needed to create the same amount of light a MH does, relatively speaking. Most VHOs need replacing every 6-mo and PC ever 12-mo (+- depending on the bulb and ballast).
Here's my scenario- Assuming VHOs at 20$ and MH at 100$. It would take 10 110w VHOs to almost match the wattage I currently have (not that wattage matters but as an example). I change my current VHOs every 6-mo... That would be around 400$ a year in VHO bulbs to replace 10 VHOs every 6-mo. Currently as said, my 2- VHOs are replaced every 6-mo and MH every 12-mo for a cost of around 280$ a year.
Even if the VHOs were only replaced once a year that would still be 200$ compared to 240$ so a big savings of 40$...
With PC, assuming a 96w costs around 40$ and it would take 11 PC... Replacing them once a year would be 440$.