I know this thread is a bit old now but I installed an LCD ColorDMD in my Getaway about 3 years ago and I thought it was great. Recently, I've read lots of great reviews about the LED version so about 3 days I decided to install one in my Shadow. At first I hated it and was starting to regret my purchase but with some tweaking to the brightness and contrast levels I finally have it to a level where I really like it too. If it's possible, I may switch the 2 displays to see which one is more fitting for each pin. I think most of the opinions are subjective, including mine, so here's what I think....
PROS:
LCD
More versatile because it has more display options, 8bit, dots, hi res...
Can give a more modern look to an older machine with the smoothing
LED
Better brightness and more of an old school look with the dots
Perfect fit into the speaker panel
CONS:
LCD
The size of the display doesn't fit perfectly into the speaker panel but this isn't a real issue
Not as bright as LED
LED
Can pick up the white reflection from the backbox or playfield lights. I was able to correct this by filling in the small gaps around the display
Can be too bright if turned up too high
In the end, it comes down to personal preference and, in my opinion, either one is great upgrade to the pin and one of the better more tasteful mods.
ColorDMD LCD (resized).jpgColorDMD LED 1 (resized).jpg