When I built my shop 20 years ago, LED technology wasn't near as developed as today....and given the energy savings, I'd probably give them a look for sure....LOVE the Cree LEDs we put in the house.
But for blazing white, near day lights, it's hard to beat metal halide. I put 4 of the 'low bay' versions in my shop, difference being the high bay (like 20'+) use a smaller, cone reflector, the low bay uses a 2' diameter, more shallow reflector...the transformer base is the same.
I put 400w bulbs in mine, and the first one burned out just a few weeks ago....so I got over 20 years out of the bulb. After seeing how much brighter that one bulb was compared to the other 3, I replaced them as well. Apparently, they degrade over time, not just go all at once.
The inside of the shop is Knock-your-eyeballs-out bright....I'd hate to think how many flourescent tubes it would take to do this. The shop is 35x64 in that part, the upper part of the flat ceiling is 24' across, sheetrock with gloss white paint on top.....that helps too.
They do take about 4-5 minutes to come up to 'full bright'....this photo is with them about 1/2 way:
(I also put a few regular can lights down the center on a different switch so if I want to just go in for something quick, they give me enough instant light to see my way around)
This is full bright: