Seeing as a opening topic of LED signals has gone down the road of Searchlights, sort of related as they both show multiple colours through one lens, we can mention in passing a few more variations.
The LMS put in two one-off signal systems using these units. One was the Mirfield Speed Signalling near Huddersfield, covering a few miles of a busy main line, and was based entirely on US practice with four or more searchlight units per signal post which displayed a whole variety of colour combinations to indicate speed and route. There's one in York Museum. I believe the whole installation used imported US components from one of the two major US signal manufacturers.
http://www.signalbox.org/signals/lmsspeed.htm
It was put in about 1930 and replaced by conventional 4-aspects about 1970. I wonder if anyone here ever operated there when they were in use; what sort of training needed to be given.
Another LMS scheme was on the Euston-Watford DC Line, which must have held the record for the number of signals per mile it required, many were little more than a train length apart, but it did allow a very frequent service of both LMS and Bakerloo Line trains which shared the route. It had some common features with Mirfield, with multiple searchlights on one post.
The GWR resignalled a number of major areas (Paddington to Slough, Bristol etc) in the 1930s with Searchlights, which just duplicated what was seen on semaphore signals at night, so a 2-aspect Searchlight red/green was above one that did yellow/green, just like a home/distant on one post. A difference was that the GWR did a whole area, whereas the LNER, and to a lesser extent the LMS, tended to do just individual signals, especially distants and IBS, with Searchlights.
If the Southern ever used Searchlights it would be interesting to hear of it. They were the pioneers of four-aspect signals, the earliest of which were set in a diamond pattern in a circular shield, later moving on to the current vertical orientation.