A frosted standard (not filament type) LED bulb of around 3000-4000k should work for variable contrast paper. For graded paper, the cooler the better, I would reckon.
As has been reported and shown here, typical "warm white" (below 3000k, typically 2700k) may have issues reaching maximum contrast with gel filters (because their balance of green and blue light is too far away from the balance of tungsten incandescent light for which the filters were designed for), and it can be expected that too cool (above 4000k) may have issues reaching minimum contrast with gel filters. From my practical experience A 4000k light source will give slightly more contrast with medium filters (#2-3#), but still enables you to reach both extreme grades.
As for power: a 14 watt (rated as 100 W equivalent), 1500 lumen 4000k ("cool/neutral") LED bulb gives me a full stop more speed on Fomabrom variant than a classic 150 watt tungsten opal lamp. Exposure times will halve.
Do a comparison test with a tungsten opal lamp for evenness of illumination, contrast and speed. Depending on the light distribution of the bulb itself (narrow/wide) and the lighting system of the enlarger, you may get away without using a frosted screen in the light pass, which can cut down the light considerably (it make about two stops difference in the case of my enlarger).