Hello,
These are two completely different lamps.
The HID is cheaper, but the power consumption will be higher. It is also necessary to provide sufficient extraction for the heat emitted by this type of bulb, and a good distance in height. The life of the bulb is 1-2 years
The LED is more expensive to buy, a business plan of 3 years minimum of gardening.
But it consumes less, hardly heats up, and can go down very close to the plants. Lifetime of the LED is 10-40 years.
Peace