Wow...I just wanted to post to thank all of you for your feedback. I've been somewhat neglecting my tank over the past couple of years, and have just really been on cruise mode. I'm overdue for a T5 / VHO bulb replacement, so I figured now would be the time to upgrade the tank lighting to LEDs. After reading 10 - 15 pages of this thread, I've decided I'm sticking with what I've got. Overall, my corals are fairly healthy, and I know that any issues I have with my tank are due to my lack of routine maintenance, not because I don't have the latest & greatest in lighting.
As a side note, I work for a company that manufactures LED lights for commercial and industrial applications, and was going to have them make me some type of custom strip light that I could install under my canopy in place of the T5s (I was going to continue to run the VHOs for my actinics). But, the risk of that just isn't worth it to me if I don't get the color spectrum right, particularly after reading all of your comments regarding LED lighting in general.
But, I probably am going to need to do something with the wiring of my lights, as I almost burnt the house down the other day as one of my NON-high flex wires finally gave way and shorted out. So, I guess I will spend the money I was going to spend on the LED upgrade to fix my wiring, and maybe do some other upgrades that would make my life easier (auto-doser, relocating the sump to the basement, battery backup for my MP40s, etc.)
Regardless, thanks again for all of your feedback in this thread. I truly appreciate it (I knew ReefCentral wouldn't steer me wrong!)
Jason