I inherited this system a long time ago and got it working once but only for a brief while before the bulb gave out. I do have the entire system - the transformer, fan, etc. and it all still works. There's a sticker on the box saying it takes an HI-110 lamp -- these are still available but are only 183w...? For now I've just stuck a ELC-5 250w/24v lamp in there for testing.
I love the idea of converting to LED and I'll do the research you recommended. Thanks for that. In the meantime I might try to clip/grind back the existing fiber just to see if I can get it operational. Nothing to lose, really.