1 LED grow plants yes
2 LED have less heat yes
3 LED cost less to run yes
4 LED more effective in veg then MH or HPS NO
5 LED out perform in bloom MH or HPS NO
Its like saying you want to take a hybrid to drag race
ye you will get the the end of the track but it will take you alot longer
sorry but the results are not there yet.In time they will get it.
While I tend to agree with you, I wonder how #s 4 & 5 would be if the LED setup had exactly the same amount of watts as the HID one. Sure a 600 or 1000 watt HPS will flower better than (say) a ~110-watt LED. But better than a 600- or 1000-watt LED fixture with a broad mix of wavelengths?
Would cost a LOT but the monthly electrical usage would be the same (depending on ballast losses and the like). Although the LED might still cost less total due to less a/c required (but a 600/1k watt fixture is still going to produce some heat no matter what its efficiency rating is).