They're not created equal.
LEDs are extremely deceiving in their variability. It's easy for two LEDs or two LED fixtures to look, sound, taste, and feel more or less identical, especially on paper, when in fact they may perform at vastly different levels in terms of intensity, power consumption, spectral profile, and spatial distribution.
For example, people toss around terms like "it's a 3W cool white LED." That's absolutely meaningless if you care about what the LED is actually doing. For one thing, labeling LEDs at a nominal power level is misleading, because that same LED might be running at vastly different power levels in different fixtures. It's one thing to say a particular MH lamp is a 250w lamp, because anyone using that lamp will effectively be running it at 250w. However, the same exact LED used in two different applications could very well be operating at vastly different power levels.
Further, the performance of LEDs that look the same can vary significantly. Even if you know the manufacturer and model of a particular LED, you really need to know the bin - different performance bins within a given model of LED can be off by 100% or more in terms of how much light they provide at a given power level.
And then we get to spectrum, where the differences can be at least as vast. This is the hardest to wrap our heads around because pretty much no manufacturers of finished units tell us enough info to be extremely well informed about spectrum and color. This is probably because most of them probably use a range of bins depending on what the manufacturer sells them any particular week.
Another major variable is optic choice - this can have a vast impact on spread and intensity. A fixture with narrow optics might produce 400 PAR over an 8" spread, while the
same fixture with wide optics might produce 80 PAR over a 20" spread.
What it really boils down to is, unless you know the model and bin info for the LEDs in the fixture, it's a bit of a shot in the dark. In essence, your question is like saying "are all single ended MH lamps the same?" Well, no - there are different wattages of SE lamps, different colors, different manufacturers, different levels of efficiency - plus it depends on the driver and reflector, and so on.