Hey Brian,
I bought a couple of LED navigation lights, white bow and stern, for Drift Away. Very pricey. When I received them and saw that they were made out of cheap plastic, I felt I had been cheated. They work fine, but would have been a better deal at $50. I decided to leave the old incandescent port and starboard lights as is, since they'd only be used under power on my boat and so power draw isn't an issue.