Very nice "First Light" pictures!

Will be interested to see the final housing as well.
As james asked above though, what software/hardware are you using to control the projector? Just curious...
Broad color palette is one good reason. I've seen several home-build projectors that have had both 445 and 462 (and one that had 405, 445, and 473 even!). The range of blues they can create is incredible...
Then too, 445 makes an amazing white, but it doesn't make a very good "sky" blue, and some of the cyan and magenta mixes look funny to me. In contrast, 462 (or 473) makes for a perfect sky blue, and the cyan and magenta blends are more natural, at least to my eye, but when it comes to white... Well, 462 just doesn't give you that crisp, cool, piercing white like 445 does.
So, yeah, in a perfect world you would have both wavelengths available in your projector. Looks like that's exactly what he decided to do here.
Adam