Using the Cree XM-L2 as an example since it is one of the best performers at higher drive currents. The 3000K XM-L2 T3 bin is about 30% efficient driven at 2A (~6.2 watts) assuming Tj of 50C (would likely be hotter in practice). That said, 600w HPS is in the range of 40% efficient with a new bulb and only cost $200 vs $1500 for an equivalent LED (400w) so it becomes a tough call.
Based on all that math I advise DIYers to run LED at 700mA unless the grow could not accommodate a 600 HPS anyway. At 700mA the XML-2 would be 39% efficient. I know you said you do not care about efficiency but I assume you do care about $$. But on the other hand, in practice it might just turn out great so to each their own