IR leds are tricky. really cheap ones have a good range, but to get just a few extra 30-40M you need to pay out alot of money, other than that IR LEDs use very little power, im just woried that an IR camera might use alot of energy. and as "themaskedduser" said, the LCD glasses would be the only way for a screen. and normal screen would be way to close, or you would need alot of room in your helm.
though me, i would mount the camera on the outside (like with some of the helm attachments in halo reach) and use that. not only will it look good, it means you dont have to spend the big bux on a smaller camera