IMO, it isn't the lighting technology that is the problem, it is the person who doesn't understand how photosynthetic plants and animals utilize the light. I have been running LEDs since 2007, before that, T5'a for many years, and MH for a decade before that. From my experience, they all work the same, as long as you understand how light works and adjust accordingly.
The two main reasons I stuck with LEDs over other lights is 1. I can create a much better spectral output geared for growth than any T5/MH bulb I have tested and 2. my power bill was $500+ when running MH and T5's (due to being put in the most expensive tier within the few days of the billing cycle), since changing all my lights to LEDs, power bill is between $80-100 a month and I never even reach the second tier for electricity pricing. Just the savings from the power bill paid for all the LEDs lights in under a year. Since 2007 I have probably spent less than $80 replacing burned out LEDs (I have always DIY as I feel I can make a better light for growing, at less than 50% of the cost of what I can find on the market). Previously I was replacing 10 T5 bulbs and a 250w MH @ a cost of $300 every 6 months (due to using an Icecap 660 + M80 ballast, both really eat bulbs quickly).
My situation:
Before LEDs, cost to run lights for me = $4200/yr, assuming ~$300 a month for power out of the $500 bill, which a kill-a-watt verified, and $600/yr for bulb replacement
After LEDs, cost to run = $620/yr, assuming $50/mo out of the total bill (using kill-a-watt), and at most, another $20/yr to replace burned out LEDs.
I get the same growth if not slightly better with the LED lights I make, and I save ~$3580 annually by using LEDs over T5 and/or MH, so it is a no brainer for me to use LEDs, but I speak only for myself. Others may see their frustration from lack of knowledge to be more costly (killing corals) than just going with the old tried and true lights that have been out and working for decades.
It all comes down to personal preference, there is no validity to anyone saying X light is better than Y and Z light. Some lights are more efficient than others, but all have proven they are capable of doing the job.