D2Mini: Out of curiosity how did you graph those PAR readings based on time of day? Surely you don't have sensors all over your tank to do that? OR did you really take that many data points with a hand held PAR measuring device?
That said cost savings by switching to different technology can be quite misleading. Especially when you compare a radion pro vs a metal halide and declare that they are the same equivalent amounts of light. Now I'm not talking about total output (which is a debate in itself) but if you look what happens with your LED setup is that you gradually come up to full intensity, with a metal halide you're a full power from the start, even if you have less hours with a metal halide bulb (6 vs 10), you have 6 hours of maximum output where as with the radion it looks like 2 hours or so at max output. As the saying goes apples to oranges.
Not to mention different people will have different levels of "savings" on the energy side of things, I saw people mention chiller requirements, another mentioned heater. For me in San Francisco a chiller is not a piece of equipment I ever need, metal halides actually heat my tank in a useful way too such that my heaters don't turn on as much. So my switch to LEDs actually ended up probably costing a bit more in electricity for less overall output.
Another person mentioned replacement costs of bulbs, that's probably where the largest savings will be, while some people buy $20 bulbs, others buy those $80 bulbs, some go 6-9 months before replacing others go 12-18 months. While yeah the technology changes rapidly (3 years later and how many different versions of the Radion? yeah... exactly), sticking with what you have needs to be taken into account, not people who have money burning a hole in their pocket who changed fixtures every couple years.
So the "real cost savings of LEDs" is going to be unique for each individual, people should take into account before deciding to jump feet first in.
Hell some people cost savings isn't really that much of a consideration. I mean for me being able to ramp up and down the intensity of multiple colors throughout the day is something that is indispensable to me, do the corals care? I don't care if they care, I care
Before I'd have a couple of actinic bulbs fire on, then some blue bulbs, then the halides, then the reverse turning off, so I had full intensity from each of those for a set period of time and more importantly it took up valuable space on my controller's power bar. Now I can flip on the violets have them gradually turn on, then blues overlapping, later on whites, etc. And I'm sorry but ATI blue+ bulbs can't hold a candle to what royal blue LEDs do with corals.