What I really meant was that PAR meters aren't good at measuring photosynthetic response by organisms. Even if a white and a blue LED had the same PAR reading, it's just a measure of the energy, and not a measure of photosynthetic response. A white LED and a blue LED with PAR readings of 100 doesn't mean you'll get the same response to each LED. You actually get more photosynthetic response from the blue.
My LEDs appear much less bright than my old 400W 14,000K MH, but I get growth that's at least the same as with the MH. The pigmentation is MUCH more pronounced with the LEDs, though.