Going to depend on water clarity, depth, and how focused the lights are. I would highly recommend checking out this thread http://www.crappie.com/crappie/main-...crappie-light/ or there are a lot of other DIY light builds on youtube.
Considering at the lowest rated 5050 strip of LEDs on average gives out 430 lumens per meter, this 5M strip would potentially produce ~2100 lumens for $16 and some DIY parts. Plus this strip of LEDs is focused to a 120deg angle making them even brighter then the non focused 2100 lumen number.
Amazon.com: SUPERNIGHT 5-Meter Waterproof Flexible Color Changing RGB SMD5050 300 LEDs Light Strip Kit with 44 Key Remote and 12V 5A Power Supply: Musical Instruments
Reference: 5050 Flexible LED Strip - 30 LEDs per Meter, 60 LEDs per Meter and 120 LEDs per meter
Training for retirement since 1983