oh i was wrong its only $130 for the ballast i was talking about. Heres a link to googles shopping.

Lumatek 400 W 120/240V Digital Ballast

heres the hood

Xtrasun 6 White Reflector - Air Coolable XT6AC

So if you buy a ballast for $130 and your hood for $80thats only $210 for new equipment. So i guess that answers your question about that light being a good price.