There is an obvious reason why people fail with LEDs. They are completely customisable, for this reason it is possible to set lighting spectrums that you would never see in the wild, whereas MH/T5 units are just plug and play.
I've seen a few times people posting that they are having trouble with sps growth and colour, then go on to list their settings and it is almost completely random, basically they have set it to be aesthetically pleasing on the eye but its next to useless for coral growth and colour. LEDs take more work to find that right setting, unfortunately a lot of people don't have the patience and ditch them for T5/MH and start posting about how useless LEDs are.
Also it is common knowledge that more LED fixtures are required that MH to meet the requirements of an SPS tank, so doing a comparison between MH and LEDs as Nickdo did doesn't really work unless you have confirmed the colour spectrum is the same and so is the PAR. It is definitely a bigger financial outlay for LEDs, for me that outlay pays for itself everyday by being more aesthetically pleasing, the units are smaller and generally more modern looking and natural sunrise/sunset features just add to the enjoyment of having a reef tank. My favourite time of the day is sunset in my tank, the lights slowly ramp down and my MP40s do the same, it's very a peaceful couple of hours. Something I couldn't really achieve with MH. I guess it depends on what you want from your reef and what your budget is.
Well, color me confused. LOL.
I am a newbie (to reefkeeping, but 35+ years of planted freshwater tank experience) and I honestly could not tell anyone what works for corals or not. So I'm coming at this more from an engineering/logic angle.
I've read hundreds of threads researching lighting options, from MH to T5 to LED, etc. and on my small 40G breeder I settled on a single Kessil A160WE. I've seen the same light in action on a friend's very successful reef tank (of similar proportions) and we've discussed at length what to do to get mine to work for me and why so many may have had issues with LED fixtures.
Time and time again, I keep reading (even in the big Kessil Club thread) where people can't seem to get the coverage, but are putting the lights too close, or they are getting the coverage but not the intensity, yet are only running them at like 60% of the light's output capability. Then, as you said, they adjust the lights to look pleasing to the eye, but not what works for their coral.
Am I missing something here? Why would you spend a ton of money on high output LED fixtures with adjustable intensity/spectrum and then not adjust their intensity and spectrum to give them the success they are capable of?
As I said, I'm confused about the rationale and I think it is not as much a failure of LED's but of the users themselves, or a definite built in preference or prejudice. Which is fine as I don't really care one way or another aside from getting lighting to work for me. I've got no horse in this race.
Far be it from me to tell anyone else what works for them. Like I said, I'm not experienced enough in reefkeeping to know what will work for anyone. Go with what works and what you like. It's all cool.