Output watts are the same, but i did read somewhere that a 1000W bulb draws (from the power company) roughly 1100 watts per hour. So the difference is pennies if you are worrying about the electric bill. I dont have a reference though... <snip>
Maybe that was true for cap/coil (magnetic) ballasts but "digital" ballasts are >98% efficient. In other words, a 1000W digital ballast uses 1020W of electricity -
at most - to keep a 1000W bulb going. Digital ballasts are also proven to make bulbs last longer - up to three times as long - before so-called "lumen loss" sets in. So while the person using cap/coil ballasts is throwing out a $90 bulb every four months, the person using a digital ballast could use the same $90 bulb for a full year. So, if you pay a fair price for your digital ballast (I've seen some great deals lately), it can pay for itself - in bulbs alone - within 18 months. Modern technology is awesome, yes?
Speaking of "modern technology"; I can think of no reason why plants would "stretch" more under HID lighting than under CFL, as long as the bulbs are actively cooled (in an air-cooled hood or "cool tube"). You may be able to keep a CFL (or even a T8 or T5) closer to the plants but the added light intensity per watt given by HID lighting more than makes up for any inverse square effect due to distance. A 1000W HPS, for instance, penetrates four vertical feet at near full intensity. Conversely, a single 250W CFL penetrates 18"~24" at most (though you'd be using four of them). That said; HID lighting should always be actively cooled.
The single "good excuse" for not actively cooling an HID lamp is extremely low temperatures (in which heat from the lamp is necessary to warm the grow space). Even then, it's almost cheaper to turn the cooling fan(s) down to provide warmth during "day" (grow space ventilation - if any - should be separate from lamp cooling) and use a small electric space heater at "night". HPS lamps, in particular, are designed to operate in sealed (airtight and watertight; think "street light") enclosures; using them in a "cool tube" with minimal airflow shouldn't hurt them. Excessive heat will obviously cause the sodium core to break down a little faster - but at the point where this becomes a problem, the lamp could easily start a fire and a bad lamp would be the least of your problems (if you get my meaning).
As EmeraldPawn mentioned, it's a good idea to actively cool even LED lighting (and high-wattage CFL lighting should certainly be cooled). While there aren't currently any CFL-specific air-cooled hoods available commercially, most high-wattage CFLs use the same Mogul socket that HID lighting uses. If you wanted to take a small (4" duct) air-cooled hood or "cool tube" and rewire the ballast-specific plug to IEC/120VAC it's certainly easy enough to do. You could even buy the hood without the socket/cable and wire up your own using a quality extension cable and some easy-to-acquire parts. You could even make your own hood (if I had any interest in using CFL, I'd surely do this and post a tutorial).
I'd use 1/2" Foamcore for the top panel (to support hanging brackets made out of stiff wire or cable ties), the side panels (to support the standard HVAC flanges where the hood will connect to the ducting), and the mount for the socket (this must be made as "open" as possible for proper airflow through the hood). 1/4" Foamcore should be fine for the front and back panels (they don't see nearly the stress that the top/sides do). Thin Plexiglas or Lexan would make a good sheet "lens" on the bottom. How to join the "lens" to the body in a way that is airtight but still easily removable (for bulb replacement) is a matter for you to figure out. Maybe we can file competing patents! [I'm only half joking about that] I have no fewer than four different ways to do this competing in my head right now (this sort of sucks because I'm a very "visual" thinker and it's making it difficult to concentrate on writing). Now that I think about it, these materials are almost cheap enough to be disposable if you have no conscience and more money than brains (ha-ha).
Because the operating temperature of CFL isn't nearly as high as HID, there's no need to use aluminum, steel, or glass (which are used in HID hoods/enclosures because they're strong, obviously, but also because they're heat-resistant). This is why I've suggested Foamcore and Lexan (both of which are easy to work with, lightweight, and more than durable enough to survive many grows if not abused). 1/2" Foamcore is sort of expensive but I guess you could use scrap 1/4" "plywood" (luaun) or even Masonite for durability and glue/spray-mount 1/4" Foamcore on the "inside" (toward the light) for it's reflective properties (white Foamcore is "96% white" if I recall correctly). Anyway; everything you'd need is available at Michael's/JoAnn (arts/crafts store) or Lowe's/Menard's (home repair/construction store). Good luck and happy growing! Sorry for the long post.