most softies and LPS corals don't require MH lighting. Having tried to make a softie tank with halide lights in the past, I have to say that I wouldn't do it again. You really limit your placement choices because everything right under your light will get photoshocked. Now you can just place things in a dark area of the tank and move them toward the brighter areas gradually, but with 250 watts in that shallow of a tank, this will take a while (weeks), and some things will never thrive in those locaitons. Even 150's would be overkill, but would make more sense. I would go with a T5 setup, or failing that, VHOs. 200 - 400 watts should be more than ample for most (if not all) soft and LPS corals.
Now if you want to do SPS corals, then I fully agree with the above comment. I would either get 2, 150 or 2, 250 watt halides. With the latter, you might want to suspend them 10" or so above the tank. It is nice to have pendant lighting for this reason, you can adjust the height above the tank.