Actually huge differences in output between an LED and a Laser. Lasers can be built to operate in a wide (relatively speaking) range of frequencies.
Though bright, LEDs do not produce 'coherent' light. This is light were every photon is the same frequency, the same energy level, and they're all traveling in the same direction. It's like getting hit with a firehose instead of a sprinkler.
Yes, LEDs can be very, very bright. Their output is still sprinkler style.