OP - People who use certain lights are always going to argue for their way.
From what I've found, LEDs are the way of the future, for sure. But right now, at this moment, if you want to replace a 600w HID with LED and get on par results, you're gonna be spending about a 800$ per light. COBs are the way to go, and you can save maybe $150-$100 per light by going DIY.
Chinese LEDs are cheap and they usually use crappy quality diodes that aren't optimal for plant growth which is why they don't grow marijuana very well. People get deficiencies, get UV burn, all sorts of problems with these cheap, discount, chinese panels. Don't waste your time with these as your main lighting. They surely can be useful as supplemental lighting, though.
LEDs are awesome, they are WAY more efficient. Newer kits have been coming out that make your lighting more... "controllable" (being able to control the amount of reds, blues, uv, etc. There are models that can even change the amounts of blues and reds by the hour, throughout the whole day to replicate the sun from rise to set.)
It's really no argument that LEDs are better, no grower in their right mind would choose to grow HID over LED if they were being given the equipment for free. That brings up the one real downside, price.
IF you want the right LEDs with powerful diodes, the right color temps, the right UV, you have to pay for it. If it costs $350 to set up a good 600w MH/HPS light, it's hard to justify spending $800 on an LED set up that is on par with your HID. Yes, they are more efficient, yes they will save you money in energy, yes they keep your grow room a little cooler, but it's gonna take 5 years before the price justifies itself.
Myself, I'm sticking with HID while using supplemental LEDs. I love LEDs, but the right technology just isn't affordable for me at this moment. When panels that can compete with my 600w HIDs drop below $600, ill start making the switch. It's gonna be a few more years though.