There is some recent discussion on this in Librem 5 camera software
The summary is that the 2 LEDs are both 2400K, which I call candle light, as it is more orange than a dim incandescent bulb. There is a software change in the works that captures the colors more accurately when you select Torch under the balance setting. There will be more calibration done in the future for more accurate colors. Various forum users have asked for different LEDs.
Personally, I love 2400K as a flashlight for late at night, but the CRI could use improvement, and we need higher color temperatures for most kinds of photography and daytime flashlight use (that requires seeing color accurately). Since the LEDs can be individually controlled (after modifying the kernel), we could technically have a less bright flash for very warm and very cold color temperatures, and a brighter flash that mixes the 2 for a neutral color temperature.