t5 works great for both veg and flower, yields might not be as much as with hps or mh, but quality will be as good or better. just be sure to switch to 3000k bulbs to flower. dont listen to anyone thats never tried it ^^
OP said he was using a MH for
vegetative growth, then asked how a T5 fixture compared in that regard. He never mentioned anything about flowering under one, and neither did I. I said that based upon my experience the
ideal scenario would be to grow the plants out under a T5 fixture until just over a foot tall. Then change to more intense lighting in order to sustain vigorous growth.
The longer tubes are the most efficient; 4 foot T5's and 8 foot T8's put out between 88-98 lumens per watt. That is comparable to lower wattage metal halides. But, if you used four 54w T5 tubes @ 4,800 lumens per tube: 4 x 54 = 216 watts and 19,200 lumens. A 250 watt MH puts out 20,000 lumens, so the energy savings just wouldn't be huge. The higher wattage halide you're using, the less energy you save compared to fluorescent tubes. A 1000w MH will put out about 110 lumens per watt, making it more efficient than the most efficient fluorescents. So anything you might save in terms of energy would be the cost of cooling the lamp.
With the cost of a new fluorescent fixture or more, plus the tubes (plus secondary tubes if using for both veg and flower), it might cost the same or less to upgrade your ventilation.