Depending on which LED you get they can be less expensive than strobe. They most definatly last longer than strobe and draw less current.

The ABLE 2 line is an in-expensive LED product and I am VERY impressed with the light output.

The "strobe" power supply I am using will support up to 12 LED heads. (less if you use white, blue or green LED's)
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SAS - It's what your Xterra wants for Christmas.