The PR2 fan is objectively superior to the FX fan at any given RPM or noise level.
The ARGBLED ring actively harms performance by occupying space in the frame, necessitating smaller fan blades. You're literally losing some of those 120mm you're paying for and trading them for rainbow lights instead, which seems like a terrible idea for a cooler that's already at the lower end of the performance scale before compromising the fan output.
The swept area of the regular PR2 fan is 15% larger than the swept area of the FX fan because of the LED ring, but that's not even the full advantage, because not all parts of the swept area contribute equally to performance. The most useful part of the swept area (nearest the blade tips) is exactly the part that's taken away from the FX fan, neatly explaining why the PR2 fan is more than the 15% better that rotor size differences would suggest.