To understand people's judgement of the naturalness of object colours and preference for the lit environment, lighting booth experiments were conducted. Seven different LED spectral power distributions, all at correlated colour temperatures of 2700K, 4000K and 6500K, were simulated for high CIE colour rendering index (Ra), high colour quality scale (CQS) colour preference scale (Qp) keeping Ra=80, high feeling of contrast index (FCI) keeping Ra=80, high CQS relative gamut area scale (Qg) keeping Ra=80, low FCI keeping Ra=80, low Qp keeping Ra=80, and for a mimic of a fluorescent lamp (FL) in terms of the closest possible value of the Ra, FCI and Qp to the reference FL. Other metrics such as the gamut area index (GAI), memory CRI, and nCRI were also considered in the analysis. Sixty observers evaluated 24 lighting situations. This paper deals with a comparison evaluation, where LED lighting was compared to FL lighting. It was found that Ra does not explain the subjective naturalness of objects and the subjective preference of the lit environment for the different light sources. The results also indicate that people's judgement of naturalness and overall preference were explained better when a reference-based metric (such as Qp) and an area or volume-based metric (such as Qg or GAI) were both considered while maintaining the light source chromaticity difference (Duv) value within the limit +/- 0.0054.