What kind of corals are you wanting to keep? Or, what corals do you currently have? That pretty much determines the lighting you need. If this is a
FOWLR tank with no corals, the lighting you have is sufficient. If you want to keep soft corals only, the Aqualight is plenty. If you want to keep
SPS, clams, anemones, ect..., then
MH would be better. You can't run more than one bulb on a
MH ballast. Some ballasts are rated for two bulbs, but that is actually two separate ballasts in one enclosure. A
MH bulb covers 2' of tank so you'd need two of them for a 55g tank. I'd go with a 2x250w
MH setup using electronic ballasts and a couple of actinic fluorescents. You might be able to use your current lighting system for the actinics. You can get mogul based
MH bulbs for aquarium use in 175w, 250w, and 400w. You can get DE HQI
MH bulbs in 150w, 250w, and 400w. The bulb must be matched to a ballast that is rated for it.