@drnap1 If your design allows multiple low power LEDs, and assembly cost insn't prohibitive, that's probably the way to go for lowest cost, at least for the near future, until high power LEDS come down in cost. There are other advantages for multple strings of LEDs in terms of redundancy.
I bet the driver has opportunities for cost reduction. This is a specialty of my partner, Ron Lenk. I've seen him improve on many power supply designs and reduce cost.
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