I do have some data, though it is not extremely conclusive. Here is what I have so far:
Both have lost a lot of color, though the MH frag still has some purple, the green is still fairly vibrant, and still has excellent polyp extension. The LED frag has browned out completely and has very little poly extension.
The growth so far is:
MH frag -
2/20/16 - 13.5g
2/27/16 - 14.8g
3/04/16 - 15.0g
3/11/16 - 16.0g
Total Growth = 2.5g
LED frag -
2/20/16 - 11.2g
2/27/16 - 12.0g
3/04/16 - 12.1g
3/11/16 - 12.3g
Total Growth = 1.1g
The conclusion so far is that the MH frag definitely has better growth than the LED frag, however the color is not fantastic on either one. I am going to extend this experiment in the hopes that the loss of color is primarily due to the new tank and different lighting. Given a few more weeks, I hope to see color return.