I like LEDs, but be aware that they might flicker, giving strobing effects on machines (under rare circumstances making it look as though cutters are stationary when they're actually spinning!).
LEDs are diodes, so only pass current in one direction. LED arrays intended for mains use have circuitry to take advantage of both halves of the mains waveform (usually), otherwise the flicker would be quite unacceptable (50Hz, and off for about 51% of the time!). With a cheap circuit, they will still go completely off for "dark pulses" at 100Hz frequency.
Fluorescents also switch off 100 times/sec, but the phosphor chemistry chosen means the glow of light persists during the off periods, so the flicker is not as pronounced - more a pulsing variation in brightness. It was a nuisance in the days of film movie cameras (there were special boxes that synchronized cameras with the mains so the flicker didn't show on-screen).
Cheap LEDs don't dim, they go completely off, 100 times/sec in the UK, 120 times/sec in the USA, so the strobing effect is a lot stronger than that of fluorescents.
I have an Ikea 'goosneck' table lamp that does this (single ultra-bright LED), and all the LED spotlights in the downstairs loo do, too. They're 12V halogen bulb replacements. If you run the tap, you can clearly see the strobing, as the stream of water into the sink appears to pulse. Other 'streams of water' do it too, which is a bit disconcerting (speaking as a bloke!).
It may not be a problem, but be aware of the effect just in case. Fluorescents used to be banned from lathes in factories, for exactly that reason - they could cause nasty incidents.
FWIW, I've recently replaced two ceiling light sets in the house with all LED (pretend candle bulbs and pretend 60W globes), and I'm really pleased so far: bright, good quality light, and OK-ish colour for photography too (good enough for non-critical colourimetry). I think they're cheap enough to be useful now, but I've no idea how long they might last.
E.