Any light works for cloning and vegging. Here's my personal opinion:
Cloning:
1st choice, flouros
2nd choice, incandescant
3rd choice, MH
4th choice, HPS
5th choice, LED
I list the high intensity toward the last only because of the heat and light burn problem. If you are confindent you wont scorch them, and you have the space to keep the lights far away, then have at it. When cloning, you don't want a lot of light. You want the plant to concentrate on building roots instead of photosynthesis. Plants tend to abosorb what they need in the day, and build tissue at night. That's why it's a balancing act when determining the best "on" cycle.
Vegging:
1st choice, MH
2nd choice, HPS with some blue spectrum
3rd choice, flouros
4th choice, incandescant
Flouros work surprisingly well for vegging and produce very little heat. But of course it's nothing like 600 watts of shiney blue light.
Flowering:
The only choice for flowering is the choice between straight HPS, and HPS with some blue spectrum. I've never tried the latter, but I believe it is supposed to keep the plants from stretching as much. I will never again try to use any other light for flowering (except for maybe the sun). It is mostly just a waste of time.
This is all just my opinion, but I am basing it on experience.
I hope I helped a little.