I would go electronic ballast given a choice. Sure it may not save you that much in electricity over a standard ballast but like you said and like I know it to be a fact, it runs much cooler and that can be a bad thing! Heat is not exactly a conducive enviroment for electronics anyways in my experiece. But you will save money in that you wont have to run a fan over your ballast to keep them cooled off to a reasonable level.
ARO vs Icecap...I cant rightly say that one is better than the other as I havent tried both and I havent poured over research data. I will say that I am running ARO ballast on my halides and VHO's that are installed on 450 gallons worth of frag grow out tanks and a 135 gallon SPS/Clam tank, and 240 gallon
SPS tank and I have no complaints at all. In 2 1/2 years I have only had one fail. Hello lights replaced it free of charge and only cost me shipping, cover quick, no excusses, no hassles and no fuss. I am using about 24 of these ballast between VHO and Halides so I dont think one bad ballast after 2 1/2 years is such a bad track record. Are there better ballast out there? I am sure there must be. It would probably be safe to say they cost more too. If thats the case and your only using a couple then it probably doesnt matter to you. But with as many as I am using...cost is a factor and electricity use is an issue, especially in regards to profit margine(sp?)! I have no experiences with the other ballast you mention as ARO and PFO are the only ballast I have used to date.
I have yet to have a problem with running electronic ballast and other items in my house or shop. Prehaps with other ballast in conjuntion with other arrangements it might be a problem.
Just my humble opinion...your mileage my vary though so I wont make any promises!