Only light produced by very hot filaments or plasma is truly continuous spectrum. These devices approximate a "black body radiator"
(hence the concept of "color temperature").
Cold lights rely fluorescence. White LEDs are like white fluorescent lights: a primary UV lights source causes a "phosphor"
layer to fluoresce A mixture of phosphors gives a mixture of colors -- ususally 3 or more bands -- which are combined to make "white"
light. The eye sees in RGB, so it looks white. So do digital cameras (but not the same RGB triangle), so it looks white to the camera
as well. But we aren't photographing the lamp, we are photographing a subject!
For illumination to work, the color the subject reflects (which might be a very narrow band) has to be present in the light source.
If it's not, that area will appear gray or black.
From a photographic standpoint,white LEDs have the same problems as fluorscent tubes: every one is different. A few are good; but most
are bad. The companies that sell you the light don't make the LEDs, so they are limited to what they can buy. Different batches of the same
part # LED can have different spectra--just as fluroscent tubes can vary.
The source of the light in an LED is electroluminescence The wavelength of the light is determined by the energy band gap of the
semiconductor. Only a very few semiconductors that emit light are feasible outside the laboratory: gallium arsenide and gallium nitride.
Some GaN are on a silicon substrate.
The first LEDs emitted low-intensity infrared light. Eventually someone figured out how to make one that emits red light.
That's all that were available for years. Both emitted a very narrow band of light--useless for photography and even
domestic lighting.
Eventually someone figured out how to make an LED that emitted UV light. UV will cause some substances to fluoresce.
Suddenly, green LEDs were possible. Eventually we got yellow and blue ones.
By combining different phosphors, it became possible to make a "white" LED -- just like a "white" fluorescent lights.
Are white fluorescent lights good for photography? Well a very few are, but most are terrible.
Color rending problems cannot be fixed by a filter or Photoshop. If two spectral hues in your subject don't exist in the
light, then they will both appear as shades of gray--perhaps the same shade. There's not fixing that.
Of course all manufacturers of LED lighitng for photography are going to claim their light's color rendoring is wonderful.
(And Maxwell House coffee is "good to the last drop" -- a slogan coined by Theodore Roosevelt.) Maybe some are.
But if you use flash, you are putting your trust in physics: all flash is continuous spectrum -- it's impossible to make a
flash that isn't except by putting a filter over the discharge tube. It works on the same principle -- plasma -- as the
surface of the sun. If you buy LED lights, your trusting that the batch of LEDs the manufacturer bought is a good blend
of "phosphors".
The company that made the studio light didn't make the LEDs--they bought them out of catalog, just as
you could. One hopes that they test each shipment--but who knows. The vast majority of white LEDs are purchased
for use as flashlights and such, where good color rendering is not a requirements. LEDs are made in places like
China and Malaysia--and sold by exporters. Often it's hard to tell where who actually manufactured a part. Common electronics
components are like commodities.
That's why Extended CRI and TV ratings by an independent lab are so important. If an good LED part gets discontinued
(happens all the time with semiconductors), the company isn't going to stop making it light. They are going to order a
substitute part--which may not be as good. They are
not going to tell you that. (Believe me, I know.)
In one respect, and LED light is definitely worse than a fluorescent light: In the latter, if you don't like the tube you change
it to a different one! And it used to be that you could by a tube made by a giant company like GE that actually manufactured
the tube--they didn't buy it from a parts wholesaler. Unfortunately, small, cheap electronics components are all "grey market":
many brand-name parts are counterfeit. If you're going to buy a million of some part, you probably could buy direct from
a major manufactuer. Sony or Rayovac may be buy LEDs in that kind of quantity, but no studio lighting manufacture does.
BTW, marijuana growers prefer sodium vapor lamps. Green plants absorb yellow light but reflect green light. That's why leaves
are green--they are full of chlorophyll, which is intensely green. Sodium vapor lamps are efficient lamps, but even more so
in greenhouse applications because plants can use all of the emitted light.