To answer the ballast driving question...yes it will fire up the T12's.
Where did you find your readings..From my reading, it looks to be roughly 1/2 as efficient as an overdriven T8 in terms of measured light output, not watts.
I have both and, to me, there is much more light from the T8s (both overdriven 2x).
48" .What length in inches are ya looking for the T8 10000k bulb?
Do a seach on google for Zoo Med Ocean Sun 10,000K Fluorescent Lamp - 48" (T8)48" .