12/4 is overkill, but 16/4 is marginal. 75' is the maximum ballast-to-lamp distance for #16 that I've seen ballast manufacturer's recommend. While the current levels are fine, the voltage drop can become a factor. If the OP is figuring this length cord as the overall length it should be fine. However, if there is additional length at each end from the hood to a junction box and the ballast to a junction box, it could become problematic. And yes, if the ignitor is left at that ballast, the increased capacitance of the larger wire can attenuate the starting pulse.