Actually I wouldn't be surprised to see the blues outshine the reds. The red range is much harder to obtain good output efficiencies from, with some of the best Osram and Cree hitting only about 32-35% efficiency per input watt, whereas the best blues are easily hitting 40-45% efficiency per input watt with regards to conversion to light - assuming that the spec sheets per a particular bin are not lying to us.

But the typical pattern seen in spec sheets in almost every bin level is that reds are less efficient as far as radiometric emission is concerned. This is why many companies are using blue diodes as the base of their white LEDs.