A good side by side example there mcrtchly.
Was the aperture the same on both? If it was it's interesting to see how foreshortened the flash example looks in comparison. I realise the angle is different and the flash example looks as if it was closer to the subject, but there's a lot more depth to the LED lit photo, probably further emphasised by the shadowing effect in the roof which the flash has lit uniformly.
On that point, I find if photographing a passageway you can get this shadow effect highlighting irregularities in the rock by shining the light down the floor, walls and roof, effectively tracing the outline of the passage rather than by random waggling.
Another interesting point is that the colour temperature of LED lights does vary quite a bit, anything with a Luxeon LED for example is whiter than P4/Q5 emitters and as BigLoada says the cheaper torches have a blue tint.
Avoid spot burnout by using a timed shutter release so the shutter opens a few seconds after you've pressed, that way it's not opening whilst your accidentally training the torch on a spot.
All that said, well positioned flash and particularly open flash can yield some stunning results and are some of the sharpest u/g shots I've seen. But nobody can stand the time taken to set it up on an exploring trip!
my orders are to sit here and watch the world go by