Currently I am using a Lumentek Pro 240 LED setup built by Reef Radiance over my 65g. It uses 80 3w Bridgelux LEDs. Before that over my 65g I was using 2x150w Metal Halides with 2x39w T5HO for supplementation. Before that I was using 18 3w crees in a setup a built and installed in the hood of a 14g Biocube.
I think what you are asking is how would the PAR value of two systems using equal total watts but different wattage LEDs differ. Lets use the example of a 12 watt system. One using 48 .25w LEDs and one using four 3w LEDs. The fixture using 48 .25w LEDs will have a larger more uniformed coverage area but will lack intensity compared to the system using 3w LEDs. The fixture using four 3w LEDs will inherently cover less area uniformly because there are fewer points of light. However, each point of light will have a higher level of intensity. Intensity comes from wattage and is what is needed to penetrate the water and provide higher levels of PAR at depth.
Imagine if you are trying to light a wall 100 yards away. Put 100 small flashlights next to each other, turn them on, and point them at the wall. Now take one large spotlight, turn it on, then point it at the wall.