Excellent questions. I will try to answer the ones that I can:
1. The LEDs are 5mm white, 7000 mcd, 25 mA. "High brightness" on the package is accurate.
2. The LEDs have a 30 deg viewing angle. Semi-directional? I did not have an issue aligning with the emission cone. The more important issue is aligning the camera with the bicycle for the parallel and orthogonal views.
3. The camera used is a Canon T2i DSLR. The maximum ISO is 6400, not sure if that applies in the video mode though. Resolution used was 1280x720 at 60 fps. Use the higher fps to capture the foot/pedal motion. I have AF disabled during filming and the shutter/AE locked. So I'm not sure what shutter speed or exposure setting was. My estimate is that the motion blur was minimal and acceptable, based upon the clarity in the screen captures. The posted image is significantly compressed.
4. The LED did not saturate the video but there is some diffusion in the LED image. A lower intensity LED might actually be preferred but I need to check with higher ambient lighting first.
I appreciate the feedback on the sunlight reflections. I understand it helps to mask reflective surfaces on the bike. It may be impractical with all the brushed aluminum in the component groups, but I can look into it. I may try out retroreflective tape both in- and outdoors. I don't like the bright lights for indoor use but I've seen some folks publish good results.
I am just getting into this, and am a complete novice at digital video, so I have to apologize for the ignorance. I appreciate all input and feedback.