...So here is what I have figured for equipment so far:
Reef Ready Tank 48" wide
Assume you mean length.
Stand
glass tank top
I'd skip on the top. It traps in heat and blocks light...you'll thank yourself later.
Overflow kit (if not already included with tank)
Overflow tank W/D filter
With the reef ready tank, you won't need an overflow kit and you'll want to skip out on the W/D filter.
T5 - HO light and fixture 48" any particular brand I should go with?
TEK/AI/etc...55 gallon tank, you could go with 4x54. 75-90gallons, I'd go with 6x54 if you can.
Sump pump 750 gph assuming 55 tank is this too much?
Sump size is basically dependant on space limitations in your stand. The larger the better.
Hydrometer
Heater
Protein Skimmer? do I need this with the W/D filter?
Yes, you need a skimmer. You don't have to have one, but if you have reef plans you "should" have one. See above about W/D.
Water test kit
Live rock/Sand - How much?
Most recommend about 1-2 lbs per gallon. Depends on what kind of rock it is, how pourous it is, etc...
Is crushed coral same as sand?
No...You'll want sand.
Instant ocean
I would appreciate a recommendation of brands or type that people have had good experience with. Although I would like to keep the cost in check
Thanks in advance