I certainly would not run out and buy new Metal Halide fixtures. I have them and yes, they work well, but T5HO works good too, and is somewhat more energy efficient (the fixtures I've compared with my MH, lumens per watt, is about 25% less power to operate the T5HO).
I bought the MH I have used at a good price, and no more than I use them, I would not save anything to switch, however, buying new is another story.
MY LIGHTING THREAD
Charles