Hit supra up on his thread and im sure he'll break it down better than anyone.
I take a more simplistic approach...i just build them and move on. Don't really look at every possible option or look for peak efficiency.
I am with you brother. Build it, use it, learn from it, and move on. It seems like some guys spend so much time and energy trying to come up with the perfect system and ultimate efficiency that they never get around to actually building a light and using it to grow plants.
I could understand the obsession with efficiency if the amount of electricity was limited, but I got a wire running into my house that sends me all the electricity I could possibly use 24/7. Less efficiency means more heat, but fans can move a lot of air and get rid of a lot of heat in the process.
Neither the electricity nor the components are very expensive, especially when taken in the context of how much great ganja goes for these days. Even if you build the ultimate efficient system today, in a year or so there will probably more efficient COBs and drivers available, rendering your current system obsolete in terms of efficiency, but it will grow ganja just as well as it did when it was state of the art.