Over the years (since the mid 80's) I have tried pretty much every lighting system out there, or at least have friends who have.
I switched to 100% LED on all my tanks in 2013 when I upgraded my 60 cube to a standard 120 (SPS dominant) I used AI Sol blues until about a year ago when I upgraded to Radion XR30 Gr4 pros, and used Kessil A360W's on the frag tank (shallow 60 - 4x2x12") I moved the Sol's tot he FT, and now use the Kessils on my QT.
I, for one, love the shimmer of LED's. It is so very much like diving a shallow reef on a sunny day. The only real downside is the shadowing, but with a little overlap and good coral placement that can be minimized. As far as controllability - the kessils will give you something between stark white and too blue. The Sol's are similar but at least IMO, offer a more pleasing palate. The Radions will allow you to get any (realistic reef) spectrum you like with ease and have more than enough power for my 120. They max out at 70% and a par of 250+ on the bottom so my clam is, well, happy as a clam!
I didn't want to have to bother with spectral changes and bulb replacement in any case, so the decision was really an easy one for me.
I don't see any big changes in T5 coming (ever), while with LED the journey is still beginning.