At 100:
Heavy has less stagger from being hit (very useful)
Light costs 50% less stamina to run (at high levels you usually have 400+ stamina anyway if you are not a mage)
Heavy dramatically increases unarmed damage (useful in brawls to end them quickly)
Legendary Ebony already hits armor cap at 80 smithing. You need 100 to hit it with Light on Glass/Dragonscale
Remember at 100 and mid level sneak, neither produces any sound while moving and both are weightless.
You also need fewer perks to get to the armor cap with Heavy than Light.