"What happens if you spend 30 hours on an image, with 10 hours each in R, G and B? In contrast to say 1 hour each in R, G and B and 27 hours into L? To be perfectly honest, I don't know!!"
Well, you'll have a vastly greater signal in the second case, almost three times as much light, but as you say, much less color info. Might be an interesting experiment.
It would be a different signal, though... Yes, you can replace the L channel in Lab, but that is a different signal than if you actually captured deep R, G and B signals that picked up faint light deeper than say 1/10th of the signal, especially with shorter exposures, might pick up. It depends on what you are interested in. If you aren't interested in faint color, then yes, the L channel is going to pick up more signal...but indiscriminately.
Part of this experiment is to see what...well, everyone (?) has been missing by NOT getting deep RGB data. Something I noticed in the first couple years after I started, was how much more faint signal light I was picking up at the dark site, that was simply impossible to pick up in a light polluted zone...even with 20+ hours, in one case about 40, I still couldn't pick up enough of these faint COLORED signals for them to show up above all the excess noise from LP. Even at the dark site, though, ~10 hours in (and that, with an OSC...my 5D III), there were still fainter signals with color, that I was just barely beginning to reveal...and that was in the relatively bright regions around say Orion, or Cygnus, etc. Head out towards Taurus, and the dark dusty region around Pleiades, and 10 hours is just barely beginning. Same thing goes for a lot of the signals that get even fainter as you move up towards the pole, where you may need even more signal, to really pick up much color at all (i.e. IFN.) A lot of the dust out there looks a faint brown and gray in most images....but...IS it really brown and gray? Or, is there more color that we just don't pick up enough of, because we don't capture enough signal with the right filters?
L will capture indiscriminate light faster, but you are losing something by doing so.... It is a tradeoff, not a given win.