I've just been through a lot of this with my bike, so I'll share my experiences...
I started with a pair of Denali D2 LED Driving Lights from Twisted Throttle, which I am very, very happy with. They are small, bright, EXTREMELY white, and I think compliment the bike quite nicely.
http://www.twistedthrottle.com/trade/productview/6158/
I elected to mount them underneath the oil coolers, as shown in these photos:
Because of their color and intensity, I feel that these lights increase the bike's daytime visibility dramatically. They provide a decent amount of additional illumination at night, mostly filling in the area immediately in front of the bike, but certainly don't reach way, way out there like larger halogen driving lamps do. That said, I really, really like them and am thrilled with the installation. They also can be wired to switch between 40% and 100% intensity automatically with high and low beam.
My next task was to tackle the headlight. Wanting to match the brilliant, pure white color of the Denali's, I ordered an HID conversion - one of the "Bi-Xenon" H4 kits that are available, thinking that this would be the "ultimate" solution. After spending about $70, and a LOT of time and effort, I was very disappointed. While the light WAS bright, and very white, the beam pattern was terrible - both erratic and unfocused. There was also a highly annoying amount of "jitter", due to the bulb vibrating (it is designed to move up and down to produce high and low beams). After one day... this "moving" bulb stopped functioning, and I tore the entire installation out of the bike.
The final solution was to order and install an H4 Headlight Relay Harness from EasternBeaver.com:
http://www.easternbeaver.com/Main/Produ ... _kits.html
This allows the use of a much higher wattage H4 bulb, without risk to the factory wiring harness or headlight switch. These are left handling only the low currents to actuate the relays, while the new, robust harness does all the "heavy lifting" to power a MUCH brighter bulb.
I did quite a bit of experimenting with the various H4 bulbs available, finally settling on Hella's 100/80W High Performance "Xenon Blue" bulb, available through Amazon for about $27 a pair:
http://www.amazon.com/HELLA-H83140282-P ... 364&sr=8-3
I also tried Hella's H83140011 130/90W "Standard" H4 bulb, which, while extremely bright, seemed to produce a less crisp beam pattern, and had a decidedly orange cast to it. It is, however, very inexpensive, at less than $6:
http://www.amazon.com/HELLA-H83140011-W ... 443&sr=8-1
Important to note: both these bulbs listed above are intended for "Off-Road" use only; proper headlight adjustment becomes extremely important, so as not to blind oncoming traffic! After carefully aligning mine (as well as the Denali lights), I am happy to report that I rarely, if ever, have anyone flash me, and that night time driving has taken on a whole new eye-opening perspective, orders-of-magnitude better than the "stock" setup.
Good luck, and hope this helps!