The most significant factors is the optics -- as already mentioned n most LEDs available today, a small percentage of the light is collimated into the hotspot, and a large percentage exits as spill. In fog, it causes a situation where one is trying to view a target that isn't receiving a lot of light/lux, through a veil of fog that is very brightly lit from the excessive spill. When comparing lights with simialr lumen output and beam pattern (an aspheric LED of mine, to a stock maglite with xenon bulb for example), where the only significant difference is the color, the lights are fairly close to each other in performance.
The preponderance of blue light is another valid issue, shorter wavelengths scatter more, and generally isn't very useful outdoors in terms of providing visible contrast: incandescents greatly exaggerate reddish shades compared to natural light, thus I dislike them for in-home use, but when trying to identify something with a small amount of light, as with a flashlight outdoors, contrast is more important than color accuracy.