Ok once again, and do not take this wrong Jerry,
For LED Watts, I understand that is confusing…actual or real draw watts,(it’s the same thing by the way) against equivalent watts…
First, actual draw (real draw) is what your lamp is drawing from the plug, from the wall, example : I personnaly have 1000 watts equivalent that only draw 182 watts… So…
Second, does that mean that I have personnaly have a light that emmit 182 watts lumens equivalent… No… The key here is lumens.
Third, actual or real draw for LED lights actually mean power draw from the wall and facilitate for you, costumer, to calculate kilowatt hour consumption .
Fourth, and that is the more important thing to know about LED is chips. They are three major player : Cree chips, Epistar chips and Epiled chips. The other ones do not worth to mention… Do not go bellow 5 watt LED single diode. .For Cree full spectrum chips, expect to pay a lot for a good one, Epistar chips are becoming more and more affortable and Epiled are a good choice too (manufacturer can offer veg/bloom switch for a low price)
Personnaly, I went for a double 5 watts Epistar (10 watts chips) and I am a very very happy costumer for under 200 $ 
~Al
P.S. I think I gone a start a new topic or reference topic on this subject, it’s not the first time that I have to debate on this subject…