That's way behind.
Cree now have cracked the 200lm/W mark 6 months ago:
http://www.cree.com/press/press_detail.asp?i=1265232091259
Not available in shops so I wouldn't get too excited yet.
While this level of performance is not yet available in Cree’s production LEDs, Cree continues to lead the industry with the broadest family of high-performance LEDs.
I would like to think you could get reasonable colour rendition. There's a hell of a lot of TV's now using LED backlights through TFT, so you'd expect there would be public outrage if these more expensive LED sets were a poorer cousin to the EL backlights...
But TFT screens are designed with LED blacklights in mind, old celluloid film will be designed for halogen.
My concern came from looking at the spectra emitted by the LED on the datasheet, there's a huge blue peak at 460nm so it may look slightly bluish, even if the colour temperature matches a high temperate halogen.
Perhaps that's the problem: maybe the LED I linked to has too higher colour temperature?
I think wasting less light i might get away with a slightly less powerful led, the original bulb has a square filament so as to fill the frame as best as possible but then it emits light at 360 degrees and mostly back and front yes there is a reflector in the back but I'm sure lots of light is wasted.
Yes you're right, in that case the LED I suggested may even be slightly overkill, although you can always run it at a lower power and get a much longer life out of it.
I'm sure there are some cheaper leds on ebay, but then i need to test out the 1 and 3W leds I've already bought to see if they are trustworthy
Yes, you were very lucky with your UV LEDs last time but next time you might not be so lucky.
I don't think think the price in RS is too bad, even if you manage to make the whole for £50 then it seems reasonable.
Don't forget, if you want to make to sell then you can go for bulk discounts but you'll need to make sure there's a market first.
How much does a lamp normally cost? I know you picked one up for £20, is that the retail price or ebay?