Howdy,
First, what are your reasons for shying away from MH? I ask becuase MH is the only way to go for that size tank.
First, the setup cost for the PC setups you mentioned are going to be way higher than a MH setup. Say you go with premade equipment: 3 bulb PFO 175w (closest to PC output) is around $400 complete. The PC setup you mentioned would be over $800 from custom sealife, or hamilton.
Second, bulb replacement costs would be about the same, but the output of the MH is higher. In effect, you get more light for the same cost.
Third, electricity costs are higher for the PC setup. Just based on wattage, you are going to end up with close to 700 watts with the PC, versus 525 watts for the MH.
Now, if you are dead set on getting a PC setup, the one you mentioned sounds OK. The bottom might be a little dim, but you'll be OK if you don't put any light loving species on the substrate.
I can tell you from experience, PC lighting is OK for tanks that are about 18" in depth. I used a custom sealife 6x96w PC setup on my 180g when I first set it up. It was nice, but dim at the bottom.
I switched to 400w Mh so I could keep anything and everything I wanted, anywhere in the tank. In my opinion, there is no comparison between MH and PC, MH wins out for big tanks.
Look at it this way: If you ever want to keep clams or SPS, you will need more than PC lighting in that size tank. Don't make the same mistake I did by buying a lighting system that would not allow you to keep any type or species of coral in the tank. You will eventually end up spending more money to get the "better" system.
Just my opinion,
Scott.