Here's a link to another RIU thread that will be informative.
https://www.rollitup.org/t/led-hps-comparison.1010729/post-15487011
Picking the correct light type needs to take into account your environment, budget, goals, etc.. You've created a basic DIY learn by doing environment. As you can afford it you should buy 2 tents ... a 4x4 at least 72" tall for flower and a 3x3 or 2x4 for veg. No need to spend a lot on them ... you can get better ones later if you keep growing.
There are a couple of reasons for this ... 1) the enclosure will help maintain a better environment for the plants 2) the reflective sides will improve light penetration 3) you'll be able to filter air going into the tents to minimize spores and pests.
If you go with the 1000W HPS you mentioned, it will give you a terrific light source to maximize the yield of the 4x4. The main issue with HPS is the heat they generate. You'll need to be mindful of the temperature in the tent or your plants will suffer. If you're going HPS, see if you can swing an air cooled hood/reflector for it. You'll be happier in the long run.
Good LEDs are more expensive to buy, but you will be saving around 400+/- watts per hour. If you figure that you'll be flowering each crop for an average of 9 weeks, that's a savings of .4(Kw/hr) * 12hrs * 7days * 9wks = 302.4Kwhrs per grow. Trust me ... electricity cost are your biggest ongoing expense. They also don't have the heat problems associated with HPS, HID, and even CMH.
These numbers are based on an LED drawing a true 600+watts at the wall.