There is a lot of consideration upon MH,T5,PC.
MH creates too much heat+electric, if your tank is not too deep (75 gal+), and the tank does not include sps, you don't really need it, but this light difinity makes corals grow, if the corals are placed in the proper place.
PC, bulbs are strong, actinic looks great, but you have to change the bulbs frequents(6-12 month)depending on usage + brand, these bulbs are not cheap.
T5 Personally, if you are only keeping LPS, and your tank is not too deep, this is probably the best way to go, energy efficent, not too much heat, bulbs last a very long time, and if you do have a desire for a few sps, just put the in the center, top of the tank, it'll work fine.
hope this helps you out!