That wasnt my question though, feasibility aside...and you are talking to someone who uses LEDs to veg with. The expense side of things is no different to any product that is not mass produced, its expensive and I have outlayed the cost in order to test it out for myself. So far my results show me that they work fine as a vegging system giving excellent results as long as you dont go over 12" in height.
I use HPS for flowering because the LEDs just do not cut it at the moment to match either the CFLs let alone the HPS's.
Heres the 7 board layout:
and an affy under veg with it
The biggest prob with LEDs are the outragious claims being made on both sides of the debate, like I said earlier. Eventually LED technology will get to the point where it will challenge HiDs but its nowhere near that at the moment, but for the time being anyone needing to count watts can at least use LEDs in their right proportions for 'vegging' in and get results that are no different from CFLs and HIDs.
As I said earlier I estimate that it will take about 130-150 watts to match a 400 watt HIDs but the next light Im building will be 192 watts because Im building it to cover a specific area without any weak areas.
The new boards Im building are twice the MCD rating of the current one Im using so am expecting some better results. Ill start up a journal to show everyone how it goes in veg stage. Again I wont be using it to flower with because I know the results will not compare to the HIDs I am using.