Hey guys, I just wanted to throw in my two cents here. You should take a look at my 120w panel fixture I offer.
http://coralcompulsion.com/led-120w-full
Couple things to point out in regards to answering your questions.
1. First, my personal recommendation would be two of my fixtures over a 4ft tank and three over a 6ft tank, with 90 degree optics. You could grow anything you want under that.
2. As a PAR38 seller, I would not recommend par38s for a 120 or a 90. Unless money is not an object, because you would want probably 6 bulbs with 60 degree optics, to grow anything you want. 4 with 90s would cover, but would only be sufficient for softies, or lps up on rocks.
3. Be careful with "full spectrum" fixtures that just call the leds random color names, with no associated spectrums. CREE reds and greens for instance, are not the correct spectrums for coral growth. You want your greens to actually be cyan 495nm and reds to be deep red 660nm. Those specific spectrums are the peaks for photosynthesis in the specific colors of the spectrum. While cree is a great brand, I do not use cree in my fixtures because they are not the correct spectrum greens and reds, and do not offer true violet, which is a very important part of the spectrum.
4. My fixures are manually dimmable via two knobs, and come with a built in timer with LCD display that will control each channel (blues and violets/whites, reds, cyans) independently.
5. My fixtures are warrantied for 3 years, directly through me and my company, not a random ebay seller.
6. My regular price is $250 each, however if you order more than one, we can always work out some discount. PM me for more info.
If you have any other questions, please let me know. I always like to make sure my customers are well informed before making any decision regarding lighting.
thanks.