LEDS can work, however I believe it's a matter of getting the correct color ratios. I had radions, and while I was happy with the growth, the spotlighting was noticeable. So you'll need an appropriate number to alleviate that con.
For example, I came across a tank that was 72 x 30 x 30, mainly sps. However he had 6 radions over it. That's an insane amount of money (well, for me, I'm broke)
Currently, I'm using 2x250w MH, 4x54 t5, and LEDs. Each set of lights is on for 2.5/4/6hrs respectively