Hey Brad
Here’s my $.02 as I look up at my ceilings…
Not really familiar with the new LED recessed lighting, but having installed traditional recessed fixtures in a basement with low ceilings, you have to be aware of the joists and mechanicals (pipes, HVAC, etc) and you may be limited in your design. If you have 10′ ceilings and put in a drop ceiling grid at 9′ you’d be OK.
There are some building codes you should look into for your state/municipality as to switch locations and specifics like stairwells. The wash on the fireplace should be on it’s own dimmer for sure.
You can’t put in enough 3 & 4-way switches. And some LEDs/CFLs are not dimmable, get the right bulbs and switches. Bulbs have specific angles of focus and the amount of spread is based on the ceiling height to floor, tables, furniture. Using soft bulbs will generally fill a room, while a hard spot will put pools on the floor.
Is your room divided into 2 or 3 unique areas? If so, you want to control area individually and lining fixtures up evenly around the walls is not practical. Where will your chairs be? Light needs to come from overhead or slightly from behind for better reading.
LEDs and CFLs stay the same white color when dimmed, I like the amber glow of my 65watt incandescent bulbs.
Go visit some model homes for ideas.
Steve

