I was wondering this myself, so let's explore the subject some...
A good way to compare the lights is to take a look at the datasheets for the LEDs. But the problem is that we don't know the exact Epistar part numbers for the diodes that mars-hydro uses for their current lights. What we do know, is that the new lights will be using Cree XLamp XP-E diodes.
What we could do, is we could take an educated guess at what Epistar parts M-H is using.
Here are all the Epistar products. Strangely, they don't seem to list any white diodes on their site?
But for the red part of the spectrum, I would choose something like the ES-SMBRPN42C, which is a 660nm 700mA diode, with characteristics like this:
Now lets compare that to Cree's XP-E Photo Red:
We notice that the Cree diode has around 40% more radiant flux compared to Epistar diode @ 350mA (the relative luminous flux increase for both devices is near linear for increased forward currents).
Let's look at the blue side of the spectrum. I would probably go with something like the, which is a 450nm 1000mA blue diode, with characteristics like this:
And compare it with Cree Royal-Blue:
0-20% more radiant flux, depending what group they choose.
What about the White? That one is a bit trickier, because it seems to be hard to find any information about white Epistar leds. This is the best source of information that I could find. So lets say the Epistar white diodes reach a radiant flux of 180-200lm @ 800mA and compare it to Cree XP-E:
So depending on the group you choose, a Cree XP-E white would have a radiant flux between 190-232lm. 5-22% more than Epistar.
Another thing to consider is the relative radiant flux vs junction temperature. Here you can see that for example with the red epistar led, radiant flux drops just below 80% when junction temperature reaches 50C:
And compare that to Cree:
At 50C, we still got ~97% of the radiant flux.
But things are much better for the Blue Epistar led: ~95% @ 50C
So the blue one comes very close to Cree
As for the White Epistar led, since I can't find a proper datasheet for it, so it's hard to say how it compares to Cree in this aspect.