The 520 is for led lights. And they now have the me that works with Bluetooth so you can use your phone and it will log numbers for you.
Correct... I tested both units and the readings were so close to each other that I sent the 520 back. Different color LED's have different accuracy variation between the two sensors but for my purposes in a 24" deep reef tank the difference was small enough that I decided to call the 420 good enough. The 420 comes calibrated for T5's and since I'm probably going be using both LED's and T5's on the 180g I'm setting up soon, I decided to save $200+ and use the 420.
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