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I don't know of the LEDs would produce enough "side" light for the plastic parts in the gauge cluster to use to spread the light around with.
The lights don't light the LCD panels up, its the hard plastic pieces behind them (kind of like when you stick a light in an etched piece of plexi, and it shows up all over the edges and surface)
The way LEDs are made, don't they mostly display off the top of the light and not the sides?
They DO make a lot of different LEDs now. I put some in my '92 and found so many different options. The actual LED is tiny and very bright and they do mount some sideways, or put 8 LEDs in one bulb too.