Lighting recommendations for 120 Gallon mixed SPS/LPS tank

I've been out of the hobby for the last 7 years and had run a successful 75 gallon LPS tank with twin 175W MH and (2) 40W actinic florescent. I'm preparing to set up a new 120 gallon mixed LPS/SPS tank and am debating between two lighting options. Option 1 - Pair of Ecotech Radion XR30W Pro LED light fixtures. Option 2 - Hamilton Technology Bermuda Sun twin 250MH with four 54W TW retrofit. Both options need to be canopy mounted. Am I going to be disappointed with LED's? Do they need supplemental T5 lighting? My major concern with MH is heat. I would rather not have a chiller.