I wrote a short piece on this awhile back, and explained the issue with LED. Top manufacturers have exclusive rights to the newest generation of LED's on the market. All other manufacturers are stuck with over-the-counter, older generation LED's. Many companies that build LED lamps do not use the highest quality materials, thereby cutting manufacturing expenses. Top quality circuitry, top quality drivers, top-of-the line LED emitters, and top quality assembly techniques come at a premium price. That's why some LED fixtures sell for 4-digit figures, and others sell for $100 (+/-). There are LED lamps that will provide all the spectrums your corals need, but their prices keep them out of reach for mainstream hobbyists. Most people buy the "bargain-basement" LED's because they make the tank look pretty, but all they have is basically a light. You're basically lighting your tank with something similar to a bunch of LED flashlights, with maybe a blue or purple thrown in to make coral colors "pop". As for meeting the light requirements for long-term, healthy corals? The jury is still out on that one, but I think I see them heading back to the courtroom. They don't look too happy...