Bugged,
You do not need a reflector for LED lights. They are a focused beam.
A few months ago, I did some experiments using 14 watt LED panels over newly emerged tomato seedlings. One used a Red/Blue panel placed about 2" above the cotyledons. I was amazed to see a plant bend, at about a 60' angle, toward a specific bulb.
I really wanted to use LEDs but it would have cost me $300 to cover the area I was growing in. The cost for CFL was half that, the cost for sodium HID a bit above the cost of CFLs. True, over a few years, the LEDs would have paid for themselves, but I sometimes hesitate to buy green bananas!
Cost of electricity for one growing season (two months for seedlings):
LED - $36
CFL - $54
HID - $64
I'm not going to give up on LEDs - they are the light of the future. But I will wait until I can buy a 300 watt one for less than $500.
Mike