It's widely recognized that Metal-Halide is best for vegging, and High Pressure Sodium is best for flowering. You can do both stages with both types of bulbs, but the results will be different. Metal-Halide makes for a fluffier nug in flower, and HPS will veg a plant, but not as great as a M-H.
You can also use cfl's for veg. They are cheaper, and work for a very long time. But M-H is the way to go for veg.