Well... ... YMMV.
My suspicion is that the low pressure LEDs will be set to trigger when it's almost too late.
With a gauge, I can see what it's doing now, and mentally figure in calibration factors for WOT, outside temps, etc. Assuming that a lift pump doesn't fail immediately but over time, the gauge gives me much more warning. And even it it does go from live to dead instantly, the gauge still tells at the same time the LED would.
Have you figured out by now that I've got a gauge?