I don't really think heat from VHO is any worse than PCs. It is true that with VHO, you will get more light out of the power it consumes. Besides, unless I have no choice, I wouldn't trade VHO with PCs.
I chose 2 actinics versus 4 because PC actinics doesn't give that much par value anyway, since it's same wattage, you might as well make them 10K. It's better for your corals too. You are not really trying to make the tank blue, just hints of blue.
I used to run 20,000K MH, recently out of curiosity, changed the 20,000K to 6500K MH. Yes, the light is yellower but my corals seems to like it more. Besides, the colors really show more out of fishes. It's just my preferences. I don't paticularly liked strong actinics for my light and displays.