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Good lighting is the most important thing for getting good photorealistic renders. It also affects image noise and performance. Some lights (generally the simpler ones, especially the first four in the list) render faster and with less noise than others. Things that may make affect noise and performance of lights are: having a texture instead of flat color; having a complex mesh; being an area light with small relative size.
Listed below are V-Ray's light plugins, ordered roughly by increasing photorealism. Common parameters are at the end and some specific parameters are described in the Reference at the end of this document. There are even more parameters that we will not mention here.
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