In my opinion, LED lights are neat, but I am still not sold on them. If you get the proper MH ballasts, reflectors, and bulbs, along with actinic supplementation, it is not that expensive to buy and use. Electronic ballasts have come a long way to help save money. I would use a 250 watt MH light over your 60 gallon. Of course, it really depends on what you plan on keeping. I have seen T5 setups that are very nice and the colors really POP, but you will have to do your homework on bulbs and combinations of bulb colors before you buy. Beauty really is in the eye of the beerholder.....