In my experience as a 24hr mtn bike racer, LEDs and HIDs (I use a NiteRider) actually are very poor when there are particles in the air. Dust, rain, even fog and pre-fog condensates really deteriorate their use with the flashback. I believe it is because of the shorter wavelength light output. It's so bad you can actually see particles in front of you on a calm night waiting to start racing that other lights next to you aren't even illuminating.
Ambers, reds - longer wavelength colors penetrate better because it comes down to the physics. If the wavelength of light is longer than the water particle's diameter it will tend to go through where shorter than the diameter means it will bounce around in the particle/droplet. That's why fogs are yellow though newer light technology has left the yellow color behind as better light control trumps the color to a certain degree.
Anyhow, I would not look to LED, HID or others for foul weather use. Go with a good old fashioned incandescent in high output and controlled beam pattern to further reduce glare and help penetration.
DougM