Agree, Phil. Think it is too much too and not required when other pro solutions are available at soooo much less!
You are comparing apples with oranges. Micro-perf panels are used a lot by acousticians now, because they provide absorption and some attenuation with a long lifespan, don't eat into too much depth of wall and can act as narrow-band Helmholtz resonators. They are preferred over porous absorbers in bigger studios and especially in the built environment now. The BBC used similar systems for years, but this was when 'micro-perforation' meant 2mm or larger holes punched in plates, often laid over fibreglass. The perforations can be as small as 0.05mm thick, but typically 0.5mm-2mm are used in audio settings (the Kaiser/LE panels use 1mm diameter holes, with a 6x6 grid per centimetre covered by perforations).
Micro-perforation panels also have some extremely interesting acoustic properties that are currently being explored. As the size of the perforations and the honeycomb behind them have shrunk thanks to changes in manufacturing, they have started to exhibit unexpected bonuses. They begin to behave in a non-linear manner, in that their performance changes with respect to the magnitude of the incident sound wave. It's perhaps that which seems to give MPP systems a benefit over more conventional solutions, especially when playing things with lots of transients and playing them loud. This is still in the theory stage, but the panels absorption/Helmholtz resonator properties are mathematically solid. Personally, I'm more convinced by the technology than the explanation in the domestic market, which seems not to tally perfectly with the physics of the things.
It's possible to pick up very cheap micro-perf panels from China, but you need a 10,000 sq m minimum order, and they only have absorption properties. The LE panels and others - like DeAmp and Armstrong - have something like 10-20x the number of perforations per sq m than the generic Chinese ones, but you need to have the size and number of perforations broadly 'tuned' for the size of room. The Armstrong panels are really ceiling clouds designed to work in large open-plan office spaces (and they work exceptionally effectively too), but that means any properties aside from simple absorption are out-of-band for most domestic rooms. DeAmp gets closer, IMO, but they are still designed for larger spaces and not everyone wants something that looks a bit like a stainless steel chesegrater on the walls and ceilings.
The LE panels seem expensive from a surface view, but they are not the kind of things you can knock together and do things that you will struggle to achieve without a lot of porous room treatment, if at all. We go about this in an arse-about-face way sometimes. We spend tens of thousands on the electronics and hundreds on the room treatment. I don't think it should be the other way round, but there needs to be a better balance. Those of us on the other side of the fence periodically push this subject, have mild success and then everything stops dead for another half decade.