In the past, working with only the few types of HID and T5 that was used, my Apogee worked out just fine because they were all the same so relativity was easy. But moving to LED's has made this technology somewhat useless as you point out. My .6 conversion from HPS to the topLED seems to be working out so far for fixture placement but I hear you on the need for a new meter.For my panels, Apogee simply doesn't work very well. Their meters have huge errors in anything over 660nm. The following ... If you really want to get an accurate reading you have to use a spectroradiometer.
I was looking at the relatively new AI-MK350S as opposed to traditional full spectroradiometer like Apogee PS-200. Mark @ AIBC says its the only meter i will need. I thought i would spend alot more time educating myself before deciding on exactly what meter i need but i certainly see the need for it with LED's, especially when growing multi crops or optimizing the same crop.