Back in September 2011, I found a long discussion about using LED's in PW passenger cars. It was very enlightening, if somewhat over my electrically-challenged head. I did read, though, about the LED's in a bulb-style, that could replace the standard incandescent bulbs. I bought some, and here are the results. The Sleeping car is an MTH, the cars in front with the incandescents are Lionel. I was struck by the degree to which the incandescent light "escapes" the car: look at the amount of lighting along the track. Even my wife said: "it looks like the light from the LED stays in the car."
I realize it is partly a matter of taste, but I think I like the LED look more for a train at night. If I understood what I read, I should be able to pull longer trains as well if the cars are LED-equipped, as amperage will be reduced.
B&OBill