Bro,
VHOs produce more light than NO-T8s, but they're less efficient than the T8s in terms of lumens/watt consumed. In other words, a 4' VHO at 110W consumes almost 3X that of a 4' NO 40W. But the output is still less than twice as much as the NO tubes. They were very popular once in the US, cos they could have more intensity with the same no. of tubes.
Over here, they never took off, I guess because we can't get VHO ballasts locally. Many years back, I bought an IceCap 660 (240V) to drive 3 pieces of 3' 95W Actinic blue tubes. Sure, the colour looks nice, but they still can't balance out the yellowness of Iwasaki 6500Ks.
Nowadays, with HO-T5s around, there's absolutely no reason to even consider VHOs anymore. The T5s are MUCH brighter at a lower power consumption, and I believe, cost less than VHOs as well.