The important measure is intensity. In order of intensity per watt, and thus amount of usefull light to penetrate at x dept in the water, MH is by far the best, t-5 arguably second, then PC, VHP and NO.
Intensity is not strengthened by increasing number of watts alone. For example. A 55 watt power compact bulb only has a limited amount of intensity, which thus only reaches a certain depth. Adding a second 55 watt bulb would not increase the intensity and would not increase the depth that the bulb breached. BUT, switching to a 110 watt PC bulb would give more intensity and depth! Also, 55 watts PC does not equal the intensity of 55 watts MH.
That in a very rough idea is why watts per gallon is inadequate. You could have 10 55 watt PC's and be no where near the intensity of two 250 watt MH.