If you can replace a 400w halide with a single xr40 gen 5 radion, then we are on different levels of light needs. I have found what Dr. Joshi and many others found that even 3x xr30s is about what it takes to spread and output a single larger MH over a large tank. You probably should have been using 150w halides before if xr30 is sufficient and not 400w and then your math would be different - this is a choice issue, not a light type issue.
5 years on a fixture is about what you should plan on for real-world cost. You have many that are older than that? I change about 8x Phoenix bulbs a year at about $40 on sale. I would need at least 16 xr30 Radions to replace these... at least 16 and maybe more like 20 at $750 each or about $12-15k in panels that are out of warranty in a year and while some might make it longer than 5 years, others will not and that five years will be very real. When comparing actual output to actual output and actual wattage to actual wattage, the argument is not there.
Most of this math kinda stopped years ago when more people figured out that the LED companies and some people were cherry picking stats and numbers. LEDs do not last forever. If you really need high output, then you won't save any wattage and there are lower wattage options for other types of lights too. Bulb replacement yearly (or every other year for some) and panel replacement is real for both sides and non-realistic assuming of lifespan is not smart for anything.
If you can keep true UV diodes from degrading, you need to let CREE and the other diode companies know what you are doing... they all have issues with them.
I love talking light and have been to where most of these corals are collected and see what they have in nature as well as talking to the biologists in the area about food, plankton, light, etc. I hate it when people post that a photon is a photon since nobody knows what they are talking about when they say that unless they can define infinity in theory. I also hate it when people post that they all can work... no crap, but the details matter and those that post these things don't have any idea about the details.