Had same prob. Also ran server on mac with Java 7 and when i later tried to start client it crashed
Fix for me was,
- In spotlight search for java settings/preferences, and then you should get a list with different java versions.
- Drag the Java 6 32/64 (Apple Inc.) to the top of the list and then close and start Tekkit.
That way you can keep Java 7 installed too :)