lots of good comments in this thread!
overall after all my reasearch id have to say MH and HPS are things of the past. They both work very well for growing in all stages, and one more than the other for veg and flowering. The present and future is LED.
http://www.eshinesystems.com/led-grow-light.html
Gonna try to purchase a 100W LED grow pane from eshine as soon as i can.
turns out these LED fixtures are customized specifically for growing, at 100% light spectrum absorbtion for photosynthesis. Not only do they output more than MH and HPS, but they do it in the optimal spectrum, they stay cool, electricity bill cost are reduced by at least 70%, and practically zero heat is produced.
But since this is a MH vs HPS thread, if i had to chose one, id go HPS, inspite of heat, they just seem to yield better, probably because of the high lumen output and the spectrum is more favorable for flowering.
But seriously, LED all the way, it even costs less to purchase.