NickBose,
HDS Systems makes production high CRI LED flashlights. 100 lumens calibrated, 4 preset output level, fully customizable, and rather rugged.
AnAppleSnail,
Rendering colors "better" or "worse" than a black body radiator can only be described as application specific. All specifications have their limitations and CRI is no exception.
Red02,
The "ideal" source is probably only close to sunlight because we evolved with the sun as our primary light source. Incandescent lights are a common reference only because that is what technology was able to produce inexpensively for the last many decades.
There is a specific formula for calculating the CRI value. Many spectrometers have a CRI calculator built in.
Henry.