Any 5mm fauxtons I get, I modify. I carry some on my keychain and use as "task" lighting, such as reading menus in a dark restaurant after the wife forgets her reading glasses.
My favorite white 5mm LED for upgrading is currently Radio Shack 276-017. They are warm, floody, and long lasting (as proven by other members here running long term test against the competition). Perfect for changing purple-spot-light fauxtons to usable up-close task lights.
The pink ones I did (and gave as freebies to buyers from WTS) also used LED's from Radio Shack (#276-019).
Here are two 5mm AAA lights that have persisted in my collection. The photon fanatic light uses a multiple die LED. It's neckchain-worthy, especially when using a light weight lithium primary AAA. The Fenix E0 has outrageously long regulated runtime for a AAA light. I upgraded it many years ago using an LED from the sandwich shoppe to reduce the cool white color and output. The E0 could, but never did reach my keychain. This is because I have a high output AAA light and a floody fauxton that cover all my needs.
Corresponding beamshots for the two lights above