With proper optical filtering, the high brightness LEDs can achieve bandwidths from 12 to 30 MHz (optical). Really, I only need 10 Mega samples per second, but the goal is to create a 100 Mbps link. I have achieved this using off the shelf components (such as 300 Msps video DACs and linear op amps) with a modulation depth of about 50ma. Given the dynamic range of these LEDs is around 700ma, I wanted to design my own DAC that can output the higher current with a lower bandwidth than a lot of high quality DACs.
Unfortunately, I have a constrained power budget and a linear output stage is not feasible. This is why I am attempting to design a high current DAC without a linear amplifier stage. Right now, I am assuming a current switched DAC might work (though these are known to also be power inefficient), or perhaps I can use a non linear high current driver on each branch of a different DAC architecture.