you forgot to add the T5's pros, less power consumption while still spewing out a good amount of PAR in comparison to MH, more even light all around the tank if you want to keep the same type of coral all around the tank, and lastly, its very easy to get the spectrum you want and if you are running more than one tube, you have the dawn-dusk effect which to some people, helps their corals (i dont think theres any scientific evidence on that though), less heat concentrated into one spot, and longer tube life. If you want i could PM you a link to Sanjay's studies on both the lights (still not complete though), its an outside link so i'll have to pm it.
MH's LOOK like their doing a better job, in reality, they are even in advantages and disadvantages, and their average PAR is even. Plus both EASILY penetrates 16".... LFS has 4 72" T5HO bulbs on a tank thats 24" tall, the bottom is as bright as my 16" tall 20 gallon with a 150 watt MH, but the 72" tank has the light even all over the bottom of the tank, my MH creates shadows at the corners and edges.