I do not look so much for warning signs as compliance with the IET book on code of practice on the application of LED lighting systems. I also check on the ESC site for withdrawn items of all types. There are many LED lamps that have been withdrawn for various safety reasons. The code mentioned requires various BS standards to be confirmed and the parts for the system to be endorsed by the manufacturer in writing. i.e. control gear switches and panels. And I get that in writing! Having said that I have just recently used Denmans £25.00 led panels (Steeple) 2 year guarantee and been surprised at the quality of the light but doubtful about the quality of the construcion materials.
As you may know there are quite a few considerations on compatability in terms of supply and what else is on the system. i.e. mixing LED with old switch start fluourescents can cause problems with transients. So it is more (for me) compatibility and endorsement with guarantees to ensure a solid and durable system is installed for the client, with back up from the manufacturer. I have seen stripdowns of CE (chinese export) showing lack of earths and all sorts of egregious manufacturing techniques which tends to lead me away from just buying any old panel.