Drew,
I didn't want to get in an argument, but you are either wrong or not-even-wrong in several ways. For what it's worth, I am an engineer for Cree, and I know just a little bit about LEDs.
Additive printing takes a LOT of light.
Actually, it takes exactly as much light as any other way of printing. The amount of light needed depends on the speed of the paper.
The stone-age technique of using incandescent bulbs and then filtering out most of the light to obtain R, G, B light sources is definitely extremely inefficient, so you do need to start with a huge amount of light so you have some left after you throw most of it away. This does not apply when using LEDs, which do not waste power by outputting unneeded wavelengths, and are very much more efficient, even for the wavelengths they do produce.
If you want a panel, you'll need a whole bank of them.
Probably; so what? The good thing is that LEDs are cheap, so you can use lots of them. The ability to use a "whole bank of them" is a feature vs. mixing chambers and condenser lenses and other complicated optics used with incandescent light sources.
LED's are not continuous spectrum
Yes, and that's also the point. That's the *whole reason* to use LEDs. The impetus behind additive printing vs. subtractive printing in the first place is to obtain *less continuous* light with *more narrowband* R, G, B light sources, to avoid crossover. You aren't wrong when you point out that LEDs are narrowband but your point escapes me.
Do you realize green printing lasers are not primarily green, but are strongly
filtered to allow only a very narrow band of green to pass.
This is sort of BS. A laser is a laser. The noteworthy characteristics of laser light are that the output is 1) narrow-band and 2) coherent. It's true that some green lasers are frequency-doubled from lower frequencies, but that's neither here nor there.
The primary, interesting problems with building a RGB LED colorhead for use in C41/RA4 printing will have nothing to do with the hardware. The hardware implementation will only be easier due to the use of LEDs instead of continuous light sources. The interesting problems will be related to the dye absorbtion curves of the negative film+mask and how those curves will interact with a narrowband LED RGB light source, compared to the "continuous, but RGB-adjustable" spectrum from a subtractive enlarger, or an additive enlarger that achieves R, G, B light sources with output spectra narrower than subtractive enlargers but nevertheless broader than LEDs. If existing additive enlargers are better than subtractive ones due to having "purer" colors, then an LED additive enlarger should be better still. But it would have to be tested to see, since the C41/RA4 system can be assumed to be engineered for subtractive light filtering techniques (such as minilabs that sequentially expose white light successively filtered of R, G, B by way of C, M, Y filters).