That would definitely work for that space. It would cost around $6300. For about $3690, you could just buy ten of the HLG 260W XL rspec kits. That would cover 8’x10’ nicely. You would be using 4 less qb panels, but you could add a couple more kits if necessary. Either way would work great.
@dbrn32 mentioned this on another thread. I feel it would be much cheaper than either option above, and give you control over exact spacing.