In T5's vs. T8's it depends on your plans with them. T5's if you want plants. T8's are fine for fish only. I would probably still go with T5's for the energy efficeincy (light output/watt) comparable to what you would have to get to equal it with T8's.
Love my LED's though, the shimmer is cool and the dimmer makes it less stressful on the fish in at lights on and lights off times. Eventually I would like to upgrade all my lighting systems to LED's but the technology is still changing/getting better and prices are becoming more affordable. Might as well wait a bit.