It's similar to something I've thought about doing with tg3 boards, but... ugh, that's a LOT of soldering. At least to someone who hasn't touched a soldering iron in years and is remembering how she wasn't exactly a natural with it either (but then again at the time I think I was basically given an iron and some solder and treated as if I should know what I was doing and basically treated as if any questions weren't worth being answered, since I was obviously going to be a lost cause anyway, I don't think I ever even realized what flux was for at the time). Maybe you're more comfortable with doing that much.
Correct me if I'm wrong, but it's: Desolder switch's two points, LED's two points, [rectifier diode?] on one board, per switch (4-6 connections x number of switches). Desolder switch's two points on donor board. Pop apart switch to remove stem, replace spring. Re-solder switches' two points, LED's two points, [rectifier diode?] on finished board, clip LED leads.
If you have the time and inclination, I would say go for it, but at the same time I almost think that you might want to consider whether there's anything else in terms of modding you want to do if you're going to go that far (maybe that's just me though)? You *are* changing the switches to reds basically, so that is a plus over buying a Legend Fire, but if it weren't for that I'd say that I thought I had seen them being carried somewhere recently for a slight premium over Deck's direct price. Maybe it wasn't a Fire though.