"wide coverage, high output led's, and a light spectrum closest to the sun should work."
and
"after all led's are cheep."
Does not equate hehe.
The reason pre-fabricated LED grow lights are so expensive is because the High Output LED's that they are made of are by no means "cheep" 3w diodes cost about $5-10 a piece, thats $2-3 per watt.
"What do you guys think would make the perfect LED grow light?"
A couple more years of technological innovation.
Seriously man, I mean I don't want to be mean but you have 1 post and more or less advertising which is fine, its just that LED lights fit into 1 of 2 categories at the moment. Cheap overpriced pieces of crap that don't work. Super expensive working units. And I just don't see that changing at all until the prices for Highoutput LEDs drop substantially in the coming years. I'm doing a grow right now with 20 3w Luxeons and they are doing good so far, I have no doubt LEDs can and will be great for growing, but for my little 60w experiment alone I would have had to pay $140 if I hadn't gotten a deal, and thats straight from the manufacturer.
So basically just hold off a year or 2, if your actually looking to make a quality product that will sell. Don't overhype your product either LEDs aren't "Super Lights" A 90w UFO does not and will not replace a 400w HPS, not to say they are equivalent but the LEDs dont quadruple the output of an HPS double MAYBE, i'd say a little less than that even.
So to make something equivalent to the norm, 400w HPS light you would need lets say 300w, thats 100 diodes at $5 each maybe since your going to be buying bulk rolls. Still $500 probably closer to $550-$600 when you factor in the price of whatever housing and all the other materials. That is purely the cost of materials, after you consider your profit margin on top of that your getting very expensive, too expensive for most growers considering it would replace a light that costs little more than $100.