To add to the Xenon Strobe vs LED discussion:
Of the widely used underwater strobes, only two of the three popular ones are now available, as the promised new Retra strobes have not materialized, leaving us only Inon and Sea&Sea. The Inon Z330 is hard to come by and excessively priced, leaving the newer Sea&Sea YS-D2J as the available choice. But the YS-D2J seems to be regaining our confidence, despite the burn-outs of some of its previous models posted here. The YS-D2J is not inexpensive; I currently use two and I keep my fingers crossed. (I did not mention Ikelite as their excellent strobes use sync chords with no TTL. Synch cords are widely known to be guaranteed trouble. Note to Ikelite: Please hurry up and give us a fiber-optic triggered strobe.)
Problems inherent in xenon flashes include the high temperature and high voltage involved (about 500C and 350V) with the need for high performance circuits and prompt cooling. The duration of an external strobe flash is not controlled by the camera's TTL system so that underwater TTL photography requires an external added-on TTL control device. As each camera maker has its own patented TTL signals and circuits, this further complicates the design and use of an added-on TTL device. The result is that the problems of added on TTL circuits are legion, as discussed in these pages on a recurring basis.
Previous commentators cited some physical advantages of the xenon flash over the LED. These reduce to engineering problems of how to prevent voltage pulses and heat from damaging the LED lamp. Progress has been rapid: The brightness of available LED lights keeps on increasing, they are now blindingly bright, and also hot, while their prices have dropped. The development of the COB (circuit on a board) LED architecture is an example of this progress.
Now needed is an LED strobe circuit to reliably produce the millisecond flashes needed to freeze motion. The goal for a new underwater strobe is an LED that will work reliably after thousands of, say 100,000, millisecond flashes, provided with cooling to prevent damage from overheating, plus smart on-board sensing to emit TTL metered flashes. The LED strobe should also be designed to be repairable.
An alternative to the LED strobe is to use the continuous light of one or more high intensity LED underwater lamps, to take advantage of the very high ISO and resolution of the new generation of cameras, so one can shoot with a fast shutter speed to freeze motion. To give one camera example, the Sony a7Riii has 42.4 megapixels with an ISO range of 40 to 102,400 with excellent image quality throughout most of this range.
Back to LED strobes: A relevant item of interest to be watched is the continually improving quality of cell phone cameras and their built-in strobes, a Darwinian force driving the evolution of cell-phone LED photo strobes, a force generated by the huge moneys spent by those addicted to their cell phone cameras.
The quality of the pictures taken with these small cameras keeps on improving and so cell phones are replacing pocket cameras. Will they one day become the standard for underwater photography?
It all adds up to a fun mix of new equipment capabilities, design problems, cell phone addicts, talented developers, dropping prices, and the needs of us underwater photo nuts. Stay tuned.