T5 and CFL are both fluorescent lights so I would think of it in terms of which is more suited to your growing space. You should work out how many lumens you need to illuminate your space sufficiently, and then get a lamp or lamps with an appropriate output. You then want to spread the light evenly over the grow space. For example you would need more CFL's to equal the same light stamp as a T5. Also heat is something you need to keep in mind, if you have several CFLs it tends to raise the temp in smaller spaces.
So really it all comes down to your room design and what is best suited for your space.