Will u be keeping coral in the tank or only fish? I would figure that out then design your system around that.
I just bought a brand new 125g tank and stand only, 4 $550. I think designing and planning my system is almost as much fun as looking in the tank, so i would take your time on that and not just jump on a not a steal of a deal and then have to upgrade everything to get what u want. A cheap 4' shoplight can get u by for awhile.
The PC light is probably in need of new bulbs.
I personally would probably not use any of that equipment, probably the mag float if it was still good (which mine dont last to long) and maybe the heater if it was not made of glass).
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