Lunchie,
Lighting requirements in a Reef tank are as varied, as the situation encountered. Try to look ahead in your hobby. Right now, you enjoy a variety of fish, and wish to try an anemone. The "Bubble Tips" can survive even under normal output florescence bulbs. (Please notice that was "can survive"... not necessarily "thrive"). Your fish, for the most part don't care about lighting. They want some daytime, and some nighttime. What will care, is what MAY go into your tank in the future.
From my experience... it really is much cheaper to look ahead, and plan for what "I may wish to try a year or two down the road". Right now, you don't have any corals... but what if next month you see a lovely Torch Coral (or any of thousands other lovely LPS and Softies)... and since you have a Salt-Water tank... its possible. Now, you're in a situation where lighting becomes more important
Over a 75gallon tank... 96Watt PC lights do very nicely as do VHO bulbs. If you see the possibility of SPS (Hard Corals) in your future... then the MH (Metal Halide) lighting becomes enticing. Personally, I would go with either PC lighting, or VHO's. Both have their good and bad side, and are a personal choice. If that later date comes, and you do wish to try the SPS's... upgrading to those MH bulbs then would be needed... but not right now.
I tend to be very wordy, but hopefully gave you a little to think about... which will save you money in the long run.
Ed