Those PAR values are much more encouraging. To be fair, I don't put as much emphasis on a wide spread as most hobbyists do, so a narrow spread isn't a deal breaker.
Again, this is an area where LED gives you benefits not available from other lighting technologies, at least not using commonly available components. With an LED, you get very good control over spread. If you're using a low number of LEDs to illuminate a big fish-only tank and don't want "spotlighting", you'd use no optics. If you were using a high number of LEDs packed close together, and mounted in the ceiling, to illuminate an SPS reef, you'd use very tight optics. By switching optics, you get very good control over the balance between intensity directly under the LED and spread of the light. Most of the LEDs used in these fixtures have a viewing angle between 90 - 130 degrees, and optics are available with FHWM angles of 80 degrees down to 4 or 5 degrees, so there's a very wide spectrum of choices.
Now is there a way LED can evolve to look more like natural sunlight? or does one need to install small/supplemental 20-40 watt incandescent lights to get shimmer, shadows and a warmer look? Would these supplemental incandescent lights be drowned out by the LEDs? Is there a mechanical way with a fan blade circling under the LEDs (between the bulb & the water) that would cause a flickering/shimmering effect while cooling the fixture & the tank?
Color-wise, see my last post above. You can mix and match, then use different drive currents if you need to, to get the appearance of the
color of sunlight if you want. As far as shimmer, shadow, etc:
As I understand it. LEDs do produce a shimmer.
This is true.
Thanks for the video, but I believe that overlapping bulbs cancel out the single point of light effect.
Believe what you want, but LEDs (designed correctly) can produce a VERY good shimmer/shadow/contrast effect. Again, one of the reasons I love them. Even with your "thousand point sources of light" analogy, you have to remember that the light leaving an LED fixture is still likely far more directional (i.e. less scattered) than many other sources of light, which helps it appear "crisp." I'm a fanatic about this type of appearance - I LOVE contrast, shadows, and shimmer in my tanks. I know LEDs can produce that, because I've built LED fixtures that do so myself.

If they were "bad" in this regard, I wouldn't be using them.
I probably sound like a broken record here, but if you've seen an LED fixture that did not impress you in this manner, it's due to poor design (and/or different design criteria) in that fixture you witnessed, it's NOT inherently a result of the LED technology.