I have run halides for years for one simple reason. Spectral composition. It is hard to beat the spectral composition of a metal halide lamp. I manufacture lighting and do a lot of testing with a spectrometer, not a PAR meter, the facts are the facts. PAR meters cannot tell you anything about the spectral composition of the light source being tested. Apogee themselves will tell you this. Also, LED's cannot produce the UVT that halide lamps can. We are getting closer with LED's I can say that but since many corals respond to light in the UV region, halides are still your best bet for this purpose. As for power a watt is a watt no different than a photon is a photon. Energy is not free. Since the luminous efficacy of LED's and halides are similar, to produce the same amount of optical energy over a given area the same amount of energy or power will be required. Ohm's law (amps X voltage equals watts)(another note: with LED's do not use input power). The input voltage from your wall plug is stepped down allowing for more amperage to be available at the LED. So if your fixture is rated at 120 watts based on your input voltage from the wall you will use 1 Amp but if we used an easy to calculate example, the same fixture using a lower voltage LED driver say 60 volts for ease of explanation, the LED's are actually using 2 amps. If you are running an LED system check your power supply, the information is right there. What about the light readings/measurements from LED's? LED's can give misleading light readings due to the focusing optics often used but if you added up the TOTAL amount of optical energy over the same given area you get a very different picture (inverse square law). When you factor in the optical energy in the UV region halide wins hands down. Don't take my word for it, the shorter the wavelength the greater the energy level of the photon. Also in nature the light received by corals is incoherent (scattered) not focused as is the case with many LED's which is why many LED users cannot run their fixtures at 100% unless they mount them very high. By the way, LED's degrade no different than lamps or any other light source for that matter. When you replace a lamp you restore initial luminous output, where as LED's continually degrade over time. When I see the cost of many corals these days $500, even a $1000 in lamp replacement costs over a 5 year period is nothing compared to the price I see hobbyist pay for a few high end frags. With that kind of investment in corals doesn't it make sense to protect it? After 5 years what will new LED fixtures cost you? As with any lighting there are pro's and con's and in my opinion and experience, yes you can be very successful with T5, LED, and Halide it depends on the application. The biggest problem with our hobby is that it is all about absolutes. If you do not run or feed this, you cannot grow that. I say B.S. I have seen successful reef tanks under PC lighting and P.C's were essentially banished from our industry years ago in favor of T5. The irony here is a PC lamp is essentially a folded T5 lamp! They operate identically. It saddens me that with all the information available today we are still comparing light sources based on wattage and PAR when neither have anything to do with their optical and spectral performance respectively.