Higher quality LEDs produce more light output than heat. that is why you will see us talk about efficiency. Say you run 100 watts of both cheap leds and quality top bin leds, the cheap ones will produce, say 25 to 30 watts of light output and the rest is heat. Now the quality top bins will produce, say 40 to 70 watts of light output and the rest is heat.
Spectrum King is running quality chips and they are running both whites and red, but nobody seems to know how efficient they are run at. As for the $350 Alibaba Light, it's not the same. Now you could pay more to have them built like the Spectrum King and you might save a couple hundred dollars, then you will pay hundreds to ship it here. I have done this. My only issue with this light has been the reflector. You might be able to save a couple hundred, but only if you find a quality builder on Alibaba.
With the China panels, it is what is inside, they usually cheap out on. The cheap fans failing will result in diodes burning up. Cheap drivers also fail easily and usually aren't label, so you can't replace them without knowing their output.