Just a little snippet to add to Stoney's response, hope he doesn't mind.
I think during your research you will find that along with complexity there is a substantial increase for potential of yeilds/growth rates, but on the other hand the potential for disaster due to mechanical failures/power loss is increased also. Try and find something that suits your level of experience, and has a decent ratio of production/relability.
Do a search on http://www.youtube.com for "How to grow green". This guy's setup may be what you are looking for. My only change on his setup would be to make the veg room smaller to have more room on the other side to flower.
Currently, I am using a drip system. With my FF nutes the drippers are constantly getting cloged so I am building myself a DWC system. I am still in the midst of flowering on my first grow, but I can tell you I don't like the dripper system. GL with whatever you decide to go with though