My apologies for being unclear with terminology! By power handling I mean how much power it can take before output levels out and falls. Larger emitters (larger emitting surface and larger footprint) have better power handling, and emitters with better power handling are also more efficient given the same drive power.
Better power handling certainly benefits overdrive, and one should consider running the LED at the rated power without adequate heatsinking a form of overdrive.
There are some old Al vs Cu MCPCB tests here. Since UV emitters are less robust than white, the difference is likely to be more pronounced.
Understood! I somehow missed that you are getting emitters in bulk, in which case even small cost differences matter.
I still see 2 potential issues:
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Exposed metal might lead to the + and - terminals of the LED shorting on the reflector.
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Thermal paste is a liquid that becomes less viscous at higher temperatures. It is likely to flow into the reflector and destroy its surface during operation.
I would still suggest implementing a metal thermal path from the MCPCB to the exterior of the device.