For height I'm looking at a maximum of about four feet for the plants, from the top of the bucket to the safest bottom area below the HPS. For flowering, the T5HO will work quite nicely as long as a few caveats are observed. First caveat - two to three feet is the maximum usable range of the T5HO lamp, after that my light meter barely reads above 150, which is about useless for growing anything but algae and moss and lichens. Second caveat - T5HO lamps have only about fifteen inches of maximum canopy penetration. Below that, again my light meter reads around 150. Otherwise, for flowering they work out very well. The fact that T5HO bulbs output some UVB (whereas MH and HPS bulbs have to have a borosilicate UV filter) helps out with potency. It is true T5HO gets you just a wee bit less in density and weight unless you supplement or find a creative solution to maximize light exposure/usage, but that tiny UVB output does tend to make up for it in the power of the smoke.
For vegging T5HO certainly does the trick, though, as you can see from those clones. They've only been in those buckets for two weeks as of today, and when I first got them in there they only had three or four fan leaves. Even the seedlings, with their tops an easy seven or eight inches from the lights, are not stretching out at all. Growth between internodes remains very short, far less than a centimeter per node.
I like T5HO. I don't have to worry about special ballasts or conversion bulbs to obtain the color spread that I want, plus they make UVB T5HO bulbs so you can crank up THC production and have a balanced color spectrum all in one array. I do have to worry about plants burning if they get right on the bulb but otherwise it's not an issue. They really don't produce much heat, and they're pretty much silent. Figure out creative ways of maximizing light exposure and you can get explosive growth and incredible density, I'd wager, which is why I'm going to try that full canopy of light idea. If the closet were more square, I'd try disassembling my T5HO array and extending the wire, and putting them in a vertical configuration.