FWIW if I was starting a new tank today and wanted to possible grow SPS it would have metal halides, no question about it.
But with that said, I am currently operating 18 different tanks and 17 of them are lit by black boxes. It is just really hard to beat. >300 PAR for $100, easily modifiable and repairable, really good spread if you remove the lenses.
Even if I had unlimited money, I am pretty sure I'd put it into more and bigger tanks, and buying more corals, instead of LEDs that put out the same or less par for 6-9 times the cost. I think the anti-black box rumors are bad specifically because of this situation - leaving someone convinced they need to drop thousands of dollars on lighting for their new setup.