Lighting

Hi and welcome to the site. First off, what are you wanting to have in your tank? Fish only, fish with live rock, some corals and fish? If it is a fish only tank this light will work. No anenome I am assuming? If you are going to incororate corals you will be very limited do to low wattage.
 
A good rule of thumb to follow is that you need at least 4 watts per gallon. So you will need at least ~200 watts of light to keep corals.

The fixture you linked to isn't enough. You are right to be looking at T5 HO fixtures, but you will need one that has more than 2 bulbs.
 
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