Conversion... highly unlikely. The LED light source models do away with the spinning color wheel, and use three (Red, Green, Blue) LEDs. LEDs can flash on/off that fast. The only thing that might be "possible" would be to replace the bulb with a high power white LED. Beyond having to modify/build a custom ballast, White LEDs are known to have a pretty awful overall color spectrum. Even after callibration with a colorometer that would be necessary, I doubt the result would look good.