I hate to disagree but even the best performing 20,000k lamp, the radium on an HQI ballast, has very low PPFD. They do not penetrate very deep at all. Add to that that I believe you have a glass lid which will cut down on the overall PAR that is entering your tank I you arent left with much. Also, you arent working with the most effective reflectors either with the Coralife fixture. Now with the Oceanic bowfront youare at 30" tall right? Even with a 6" sand bed, you still have 24" inches of light. Now I have seen examples of people with good quality 250 watters and refletors that got a fair amount of PAR down to the sandbed of a 24" tank, but that was with 250 watt lamps in a warmer spectrum without the glass lid and high quality reflectors.
I'm all for "pushing the encelope" and not letting others stand in your way when it comes to certain areas, but you are treading on an area where it is pretty straigh-forward. Now, just because the corals are as, or more, open than usual also doesnt mean they are received enough light. Many of my corals are fully extended when the actinics are on, but when the daylights come on, they dont need to extend as much to receive adequate lighing. I would honestly say that I dont think SPS would receive nearly enough light anywhere in the tank that directly under either of the MH within just a couple inches from the surface. On a side note, I also have to disagree that the 300 watts was "overkill" for the 72g.
All this aside, I'm sure this tank will look great just like the 72g did. If you ever get rid of one of those reefkeepers, be sure to send it my way! ;-)
Jesse