There is a product review in the current Railroad Model Craftsman (Jan
> '04) for some new LEDs that are made especially for this application.
> They give off a yellowish light rather than the bright blue-white light
> of many newer LEDS.
If this is the "Golden-White" LED by Richmond, this is essentially a white LED with an amber colored casing (instead of clear). The amber is semi-transparent, and it does cut down on the amount of light transmitted. It's a good LED when you can put it right up against a headlamp, but if you use it in an engine that has a long plastic diffuser in front of it, you'll get about as many candlepower as an incandescent bulb. (If you want some more info on LEDs, please check out our website.)
BTW, all LEDs produce a bluish-white light, not just the "newer" ones. The only current way to control the output is to tint the plastic casing. I'm hoping that someday someone will figure out how to get a yellow light from a native LED!