If you run an HQI ballast then your choices for SE bulbs increases. You can run the 14K bulbs on that ballast and they look great, also the 20K like you want. Personally, the 20K is too blue for me, but that is just me. I guess I'm saying that if you get the HQI now, then if your tastes change over time (like most of us) then your options are greater on future bulb choice.
I think the 250W would be plenty for an LPS tank, and would be less of a heat issue than the 400's. That said, since you are planning to keep some rare, light loving SPS, you may want to consider some bulbs that put out a little more PAR than a 250W 20K. I would suggest a mix of bulbs for best effect. Maybe go with 2 20K 250Wers on the ends of the tank and a 250W 14K in the middle. The two K ratings will blend and you can put any light loving specimens under the 14K bulb and keep them happy without upping the wattage to 400.