If the strips will put out nearly equal efficacy and light levels at a given current (900 mA and lower), then yes it IS how it works.
Come on man, it's clear the Q simulator is broken from 3500K and up. You don't get 6% extra efficacy going from 3000K to 3500K. That's what you would get for going from 3000K to 4000K. Actually not even then.
:edit: It's obvious they shifted the data incorrectly for the Q-series. The 4000K data ended up in the 3500K slot and the 5000K data in the 4000K and 5000K slots. Yes 4000K and 5000K are the same for the Q-series simulator. So let's stick with 3000K, which is what people would use anyway.
But if the cheapest option is your goal then you may as well use HPS, no?
Again, that is not how it works. The way to properly compare led strips is by comparing them on equal efficacy. Or if that is impossible or not sensible, you'd need to add running costs for a number of years. That's where HPS loses out.
Anyway, since no one is going to be running these strips at 10W anyway, lets look at more reasonable figures at 900mA:
40% more watts for the F-series even. That's not even a little bit anymore. It's blowing the Q-series out of the water.