You could also look at the inwatter 48" unit - 240 watts. I have it on my 75 and still only run it @ 55%.
Doesn't have all the bells a whistles of some of the others, and still more than your budget but will provide you with the light you need
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75G, 100 lbs LR, Inwatter Stingray LED's, 25 Gallon Sump, 24wt UV, hermits, Snails, pep, fire & cleaner shrimps, Blue Throat Trigger, Perc Clowns , Yellow Tang, Coral Beauty, Blue Regal tang, RBTA, Coral Banded Shrimp, Checkerboard Wrasse, Many Corals, Royal Tux Urchin
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