The amount of misinformation regarding LED's amazes me. A 50W halogen produces more 800 lumen. Therefore, for a LED fixture to be a 50W equivalent, it needs to generate at least 700 lumen, surely?
And I can tell you now, such a device does not exist at the moment! I had a conversation with a local vendor, trying to convince me that their 10W LED, which produces 1200 lux at 1m from a 30deg beam, is equivalent to a 50W halogen producing 2600 Lux at 1m, from a 38deg beam. That's 260lumen versus 880 lumen!!!! More like a 20W replacement....
Earlier today I tried to get guaranteed fixture lumen output from a Chinese vendor on a 6W device, proclaimed to be a 50W replacement. The fixture output turned out to be 30% less than claimed.
Things to watch out for:
1 ) Lumen output claimed is for the LED's, usually cool white, which produces more. And then ignores the lens loss.
2) Wattage numbers mean very little... Lumen/w mean more, but only if it is at the temp(K) you need, and of the
fixture, not LED.
3) Check the Lux rating, from which the lumen can be extracted, give the beam angle and distance: lumen = 2*pi*r^2*(1-cos(beamangle/2/57.3))*lux
or use this online calc:
http://www.ledrise.com/shop_content.php?coID=19
4) High wattage fixtures need to dump more heat - if not, don't expect 50000hrs.
As said in a tv series long ago: "Be careful out there". There are a lot of snake-oil salesmen.
Ian