I say go for 4x250w halides.
I think the LEDs are just too new to the market yet, and I personally would not drop the big bucks on them until they have been proven over a decent amount of time (5+ years?). Look at the PFO Solaris all they did was burn everyone's pocketbook, call me a bit leary after that one! The technology has been there for awhile, but time have given us better design. I still think they have a way to go. Besides, I think the price will drop significantly in the next 3 years.
I wouldn't DIY the LEDs either. That's not a backyard Joe DIY project, you need to know what you're doing with the soldering iron or you're just making yourself a big mess.
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~ Mindy
SPS fanatic.
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