2) LEDs are normally operated by DC, from a DC supply or battery such as in an LED flashlight?
3) What happens if I apply AC? Keeping in mind that the AC will have peak voltage 1.4 times that of a DC supply the AC supply could be at a lower RMS voltage?4) So, for example if the DC in item (2) was at 12 volts with suitable dropping resistor etc. the AC could be at around 8.5 volts RMS, right? But in the reverse or nonconducting state of the LED that would result in 12 volts peak (backwards) across the LED.
5) However if the reverse voltage was limited to to no more than the forward voltage of the LED would that be OK?6) No particlar application at moment; just curious!