actually, from what i hear hps watt for watt are cooler than the equivalent of cfls. so in theory that 150 hps puts off less heat than 150 watts of cfls. i can't say i know for sure though since i've never used anything but cfls.
the thing i like about it is you have one cord to plug in my timer. not have a bunch of light cords pluged into plug strips. a little less of a change of a fire.