Go with HID, its fail-safe.
The guys who sell arrays and LED bulbs are out of their minds. You can build your own array for a fraction of the price.
But if you are going for a larger op, like over 20 plants, I dont think you will want to sit there and solder over 4000 leds.
Leds are about $0.07 USD average each. Thats about $280 for all of em, but for 4000, you can definitely get a bulk package for less then that.
If you wanna quick setup, and dont care about energy costs, go with HID. If you have some time to dick around, try some LEDs.
Oh yeah, LEDs produce a fraction of the heat that CFLs do. The power supply might get warm to the the touch, but it can never burn you.