Candace, good question.
1. Yes, typically SMT LEDs can cover further range / distance than PTH (plated through hole) LEDs. Related, that's why you typically see cameras with many more PTH LEDs than cameras with SMTs. An IR camera with SMTs may have only 2, 4 or 8 while one with PTHs routinely have 24 or more.
2. The other claimed benefit is, as you say, better heat management. My understanding is that since the heat of the SMTs do not radiate out as much it is easier to manage heat.
In terms of a study, we have tested many cameras with both types. In general, the cameras with SMTs have better image quality / more even FoVs but that might also be because they are from 'better' cameras overall.
The other issue would be life time / reliability and that we do not have definitive stats. That being said, most of the mid to high end IR cameras have moved to SMT and you generally see PTH on real low end cameras.