The two best led options, in a performance/price ratio in LED lighting, are by far a DIY Cree/Luxeon LED setup, and a good chinese light IMO. Not everyone has the ability to DIY though. For Reefledlights, I personally would choose a mix of leds for DIY over the complete fixture. I've bought parts from them before, and had no issues.
My latest light. Evergrow/Reefbreeders with 4500k Neutral white, 495nm custom cyan, 420 and 430nm violets, 450nm royal blues, 480nm blue, 660nm red. 120 degree optics on the cyan and reds. 90 on the rest. Tdb's reef is the best example of a TOTM reef with chinese leds I've seen. Most of his are Evergrow like mine, and Apollo reef led gen 2.
Cell phone pics (Nexus 4)
Tricolor & Tenuis under Nexus 4 (the blue in the fixture washes out pics from the Nexus)
under Iphone 5 (extreme violet hue from iphone as seen on the rocks. same fixture intensity). This more closely shows how deep of a purple it looks in person.
Growth shot (nexus) Acro Mille
6 months ago before tank transfer
today
Radion pro $950 (w hanging kit) / Evergrow Reefbreeders $450 w hangking kit
Radion isnt as green in person, chinese isnt as purple
So, by looking at the premium, american assembled Radion Pro, and the chinese light, where do you see a reason to spend $2,850 for 3 Cree XT-E units to cover my tank, over $900 for two chinese units? If you group buy with a local club, they're even less than that too. PAR is equal between both fixtures when I measured with my Apogee. ~380 at 100% at the sandbed 30" down from fixture dead center. I didn't see a reason, so I sold the Radion.
Bill is right too. "Lightning" scares the fish, and myself. If I saw a flash like that coming from my DIY fixture, I would be very worried.