Much depends on the gauge of the wire in the light string. At 400 feet (8 strings of 50 feet each), and at 192 watts (1.6 amps on a 120V circuit), and with #18 wire, I calculate the VD at 10.2 volts, or 8.5%. That would be high for most circuits. But for LEDs it would likely not be noticeable. If the wire size is #16, the VD is 6.4 volts, or 5.3%.