And as far as energy concerns go, especially for a sps setup... forget about the energy savings between leds and mh... the actual consumption is not going to be much lower than what you currently have with the MH.
HOWEVER.... the savings in cooling the tank is where you will see savings. My tank now stays cool enough that my fans never kick on vs my older tanks where i had to crank the ac down and run fans all summer long to avoid running a chiller. So Yes, LEDs will save you money if you are already having to deal with the heat energy issues from MH.
HOWEVER.... the savings in cooling the tank is where you will see savings. My tank now stays cool enough that my fans never kick on vs my older tanks where i had to crank the ac down and run fans all summer long to avoid running a chiller. So Yes, LEDs will save you money if you are already having to deal with the heat energy issues from MH.

The use of differing lenses and other factors can make comparisons a little complicated. For example, the 50 watt gu10 fixture I made packs about the same punch as my 160w Razor, but covers less area. OTOH, many big name vendors have settled on 90° or 120° lenses, so they should be easier to compare watt-for-watt.

