Actually, so-called "load equalizers" ARE there to consume extra power.
Standard blinker relays use a bimetallic strip. This is a strip made of two pieces of different metals that are joined to each other. One end is firmly mounted, the other end is touching a contact point. When current flows through the strip, the two metals expand at different rates and so the strip flexes to one side. As a result, the end of the strip breaks contact with the contact point, and current stops flowing. The strip cools and returns to it's original shape, making contact again, allowing current to flow again. Lather, rinse, repeat.
Now, since LED's have so little energy consumption, the current flow isn't enough to heat up the bimetallic strip, or it heats it only very little. So, you get either no blinking, or very fast blinking. Fast blinking because the bimetallic strip doesn't heat up (and therefore flex) very much at all, so it cools off very quickly and returns to it's resting shape quickly.
Now, "load equalizers" are installed across the turn signal leads, not inline with the LED's. In other words, they're hooked up in parallel rather than in series. If they were hooked up in series, they'd affect the operation of the LEDs, making them dimmer. When hooked up in parallel, they allow some current to flow through themselves and then to ground. This extra current is what "emulates" the bulb filaments, resulting in more current flow through the blinker, and restores your flash rate.
Instead of going this route, you can get a flasher relay that's specifically designed to work with LED turn signals. Consider that more and more late-model cars have LED signals and brake lights. The right flashers are out there, you just have to find them.
Load equalizers are for people who want to install LED signals
without changing anything else at all on their bike. Based on this thread, I suspect you're not in that camp
mystic_1