The Tek 6 bulb T5-HO fixture someone linked to earlier will be your best bet.You will be unlimited but certain high light corals(SPS) will need to be on the rocks about halfway up or about 18'' from the surface.A better option is MH(2x250w) which will penetrate a deep tank better but I know of no good quality fixture even close to $500.
Don't go by wpg when shopping for a T5-HO fixture.You need at least 6 banks of bulbs with individual reflectors to get the penetration(tehe,I said....)for a deep tank like your 120.
BTW,what is the dimensions?Is it 5 feet long or 4?
Link to the lights here.Most of fixtures from Ebay are chinese knockoffs that maybe a fire hazard,workmanships might be shoddy and customer service might be lacking,especially if something breaks.Personally,I would never never buy something as fragile as a light fixture from Ebay.