For me, LED its just better in any case. (not everywhere in europe..) you got higher par values that grow your corals, you got much less algae when you using fine leds, good leds are also dimmable without squeezing the lifetime down for getting new corals in your tank without stressing them. they are producing much less heat and consuming much less energy, which is a good effort in the pocket and for the nature ;-)
also on fine leds you can have nearly every color that you want without using rub crap. and a good 16 to 18k are looking exactly like on of the most famous metal halides ;-) BUT - as when you are choosing good leds, you will not have the same same shimmer on the ground as from an MH where the lights come just from one origin