You need to think this through. The LEDs can only handle so much
power, whether it is half wave, two half wave, or DC.
You need to understand LEDs. LEDs are specified with an allowable maximum
current and that is a DC specification.
If they bother to specify anything more than a DC maximum you will likely
find it is a pulse rating for 10us or a few 10's of us width with very low
duty cycle. LEDS have a low thermal mass and can't take much more than
their rated current for much more than a fraction of a millisecond.
A typical power IR LED (which is specified for pulse operation) has a 100us
pulse current specification of twice the DC maximum but only for duty
cycles of less than 2%. At 50% duty cycle the current rating is about 15%
more than the DC rating.
Running LEDS on unsmoothed full wave rectified 50/60Hz ac already reduces
the maximum available light output, using half wave rectification halves
that output again.
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