In some situations, T-5s do actually outperform metal halides of similar wattages in terms of par and lux ratings but with far less heat.
A lot of people really underestimate the power of T-5s. They really are very, very bright when matched up with a ballast that overdrives them and individual parabolic reflectors. I am running 6x39w Teklight on my 40g breeder and the lighting is just as strong if not stronger than a 250w HQI (i was running before the T-5s). Some of the corals, my sps in particular, love the light and can be right next to the bulbs. On the other hand, i have some rics that i need to keep shaded for them not to completetly bleach and even shaded, they dont have as much color as they could with less light.
Using T-5 NO would just be like using any other type of NO bulb. T-# just indicates the diameter of the flourescent tube, T-5 being 5/8 inch.