Now you've got me thinking. I have been doing some research on LEDs.
Looks like I can get 45-50 LEDs in a turn or tail housing for a Spyder. I found red and amber ones at digikey that are 5 candlepower each. An 1157 bulb is rated at 32 candlepower on bright, only 3 for running light. So I am thinking they should be plenty bright, even off angle. We have a 2.5" circle to work with in our repro lights.Either the regular 5mm LEDs or the new Luxeon stars would work. It is about $20 for 100 LEDs plus a couple of resistors. I'll also need a thin plastic board and a drill pattern, then lots of careful soldering, which is no problem for me. I guess I would pot them in epoxy afterwards to insulate the back side, as our taillight housings are metal. The LEDs will last forever, as long as you control the current passed through them. If you run 1/2 the max current, the brightness is nearly indistinguishable from max current.
Just what I needed, another project! Darn you guys!