Well, I think Kevin is now in a position to answer this as he has white LED's in both SE and HD. My only experience has been with the two in 5W and of cyan flavor. I was surprised at the amount of light that came directly out of the SE and was not directed into the reflector. WIth both a SF turbo and full size mag reflector, there was no appearant advantage to the SE in terms of beam pattern or intensity of the center beam. One thing I have discovered since is that it is pretty clear that if you do want to use a parabolic reflector, regardless of size, a HD or SE seems to be a much better bet than the batwing.
I look forward to Kevin's findings!!
- Don