I imagine that the LED lamps will suffer some of the same issues as the low cost CFL lamps. Is this 150W equivalent or actual wattage? Sounds like a controller problem though when some LED fail they go into low output mode.
I've just been playing with some cheap E27 9W LED lamps. A Philips for $2.50 easily runs at low power with a .05uF capacitor in series or 70,000 ohms. That is like a neon lamp! Looking with a scope it is a simple full wave bridge with a resistor in series and a smoothing cap. I have one in the basement operating at low power so the dog can see the steps at night.
Tried the same thing with a $2 Zilotek, an identical looking package. That unit would flash at about a half second. Obviously an electronic ballast that waits for a capacitor to charge up before the inverter starts.
Both lamps have a 9-10 year life expectancy indicating they are over driving the LED. The base of the lamps get quite hot.