I concur with the above posts.
You may want to look at buying used as well if DIY is a hassel. There is a broad range of corals you can keep with MH , as well as pc's etc but MH seem to be the lighting of choice if you can get it.
I used pc's in my first tank and I felt limited to what I could keep. So the new tank got MH and I haven't looked back.
PCs are great for a fish only tank with some mushrooms and some polyps and the odd lps and leathers etc but may look nicer under MH and if you like a larger variety I would go with the MH. It also depends on what kind of fish you want to keep as well.
Some fish munch on corals and are not coral friendly. You may want to look into that aspect as well.
JMO
Cheers