A few years ago I wanted to see what would happen if I rigged up my LED shop light in place of the bulb on my old Federal 219. I used cardboard and tape for the mounting and some waxed baking paper as a diffuser, nothing fancy. It actually worked pretty well. Using old Kodak polycontrast filters under the lens I could get a normal range of contrast, and a bit harder by 1/2 grade or so using the #5. The only real downside, other than being a mechanical disaster, was the turn on lag time. I found this could be solved with a short blip from the timer to charge the circuit (while covering the paper) before starting the main timed exposure. But I had to remember to do it…
Anyhow, it proved the basic approach, but not enough for me to iron out the problems and make it functional for 35mm printing. However, for really big light sources (large format stuff) it seems like a reasonable place to start experimenting and modifying.