With my test with standard brightness, standard current draw, etc LEDs, the source has to be atleast 2 inches away to get a maximum voltage output from the LED. I'm not sure about high brightness LEDs and such with their reverse-color-sensor attributes.
The maximum output I got from a LED held 2 inches away from my Desk Lamp(The LED was a Yellow LED, and the desk lamp was a halogen), was about 1.2 Volts. Give or take .2 volts