Hmmm.....
Others here can make recommendations for LED's to start with. But even with you doing the fabbing, I'm wondering how long before you bust that $50 budget. I'd bet the Vision X lights will bust that budget quickly.
BTW, I seem to recall reading that 35 watt HID ballasts require about 42 watts input -- not talking about momentary inrush current when starting; the battery should be able to handle that.
If you have enough power for even one auxiliary light, I'd think one of those low cost HID conversions you mentioned might be the ticket for offroad light.
I'm spooky about changing a halogen-intended light to HID, because the change in focal and length and shape of the lightsource WILL change the beam pattern. Of course, you may be fine for offroad use. But any change to onroad pattern is sure to be for the worse -- especially on low beam, where you need the clean upper cutoff to the beam.
I recall spending a bit more time offroad when I had the 1990 Yamaha XT600. It was electric start. I found myself wishing for the earlier model that had both electric and kick start. My type of offroad is not "race around and fly through the air," but rather "crawl up abandoned roads and old trails and try not to kill it or do down too often." I found that the combination of low speed and frequent restarts resulted in a low battery. If I'd kept that bike, I would have wired a switch to cut out the lights when not needed, just to save my battery. In my case, "offroad" lighting would probably have meant a floodlight, not a driving beam.
With the "adventure bike," I mostly commute, and only occasionally explore old logging roads for fun. So I have to think about roadworthy lights. Only last night, in the rain with intermittent bits of fog, on dark tree-lined rural blacktop, I was wishing for more light.
I've heard that, due to focal length issues, the halogen lamps most likely to come out OK after an HID conversion are H7 lamps like the Hella FF50.
I'll keep the low cost VVME HID's in mind, but... my budget is VERY small (if I can't sell two small houses VERY soon, the divorce settlement will force me into bankruptcy), but I have an interesting assortment of junk sitting around. So, in my case, I'm looking for a way to mount up existing lights if I have the power available. I have a pair, still new in the boxes, of Cibie early 1980's vintage 5-3/4" curved lens H1 high beams. If I can find some lightweight housings and they don't look too huge on my bike -- and I have the power to carry them -- that would be an ideal addition to my stock headlights (which will soon have relays and Phillips X-treme Power bulbs). Failing that, I have some 50 watt PAR36 halogen sealed beams, and recently found a couple of 4-1/2" housings.
Really, to know what you have, I'd recommend mounting a voltmeter. I had an automotive meter already, so I angle cut and painted a scrap of 2" PVC Pipe to make a mounting, wired it with a sub-mini toggle switch to turn on the meter and its illuminating bulb, and now I can watch my system voltage at different rpm and lighting loads. I wired it straight to the battery.
Good Luck.