Hello everyone. I was able to get some data this afternoon and hopefully this helps tell a story on how efficient the P12 is. Instead of using light bulbs, I got my electric space heater. Since space heaters are near 100% efficient, I figured this was a good test. Disclaimer: I am not an electrical engineer, so I don't know how to interpret these results, but hopefully someone can.
Step 1 was to measure the space heater on it's low setting. The P12 can burst to 1.2kW, but will quickly shut down in a protected mode if left on for more than a couple of seconds. Low setting on the heater on the wall pulls ~612W.
The power factor was 1, which makes sense. Let's connect up the P12 and see what we see. First test was the P12 with nothing connected to it. I turned on the P12's status screen and you can see the P12's 0W reading, and the kill-a-watt shows 17W pulled. PF was 0.61.
Turning on the space heater back to low, plugged into the P12 shows a total draw of 748W with a PF of 0.98. You can see the P12 is reporting 630W of load, a little bit higher than the kill-a-watt reported, who knows which is more accurate.
I did leave the space heater on for about 10 minutes and the heatsinks on the P12 were warm, but not hot. Fans did not kick on. In fact I've not had the fans kick on yet when using (though I haven't used the P12 over the summer, so time will tell).
Hopefully this satisfies some of your curiosities!