Back about 15 years ago Halides were popular. T5s were the new(ish) rage. Lots of people chose the T5s, as they didn't heat the tank up so much. I chose T5s and still have the TEK 8x54W system I bought used way back in the day. It's what I plan on using (until I can afford LEDs) when my 120G goes up. With the advent of LEDs, I cannot imagine that either Halides or T5s will ever make a comeback. LEDs have SO much more to offer then either of these choices.
T5s are still VERY popular. Some of the nicest tanks in the world use T5s. Some of the best fixtures ever made were T5 with LED retros. Something like a T5/Nanobox combo.
If I could find a slim fixture MH I would buy it immediately. But instead I have a ATI Dimmable with Nanobox arrays.