What is it that you're trying to grow? I have a 65w Satellite fixture over my 29 and I'm able to grow most things that I want. Foreground plants are a bit tricky for me though, so if you're set on getting a nice low-growing foreground you'll want a bit more light than I have.
I don't think there is a best light, though I wish there was because then there wouldn't be so much confusion. I have no experience with the light you linked to. Much depends on the reflector and I can't tell anything about the type of reflector that light has. I think the shop light you currently have is designed to spread light out rather than direct it down so you may be losing more light than I figured earlier.
Many people have been very happy with the AH Supply kits and rave about how much more light they get into the tank than with a fixture like my Satellite (those reflectors again). If you did save up and go that route, you could always keep the 4' light for a couple of smaller tanks that you'll undoubtedly be getting sometime in the future (ya' know - the must have shrimp tank, grow out tank, breeding tank, started as a quarantine tank but then ended up looking too nice tank, etc).
