I got the PAR meter and tested all of the tanks. Here is what I found. (all tests taken in the middle of the tank at full power)
setup #1 - 34g Solana w/400w 20k MH 16" above water surface
1" below water surface - 200
10" below water surface - 135
20" below water surface(on sand) - 110
Setup #2 - 3g pico w/12 CW XPG & 12 RB XPE Custom LED fixture 5" above water surface
1" below water surface - 1020
7" below water surface(on sand) - 615
Setup #3 - 3g pico w/6 CW XPG & 6 RB XPE Custom LED Fixture 5" above water surface
1" below water surface - 410
7" below water surface - 270
I am not sure what ideal par levels are but it seems to me that setup #1 is on the low end, setup #2 is on the HIGH end, and setup #3 is pretty good. I was somewhat surprised by these results as I expected the MH to be better and I did not expect such a huge difference between the two LED setups. For the mean time I have dimmed the LED's on setup #2 to match pretty closely the PAR of setup #3.