I have a milwaukee spot/flood light that has LEDs on the face for flood, and a single chip and optic for the spot. The spot just sucks! Like I am embarrassed for them. They claim 700yd range and I would say useless at 500ft. They do have a seriously robust cast Aluminum heat sink assy. Similar to Makita so I am sure it all comes out of the same sweat shop.
For a quick reference, I put jumpers between battery and light and in spot mode, it does .6A at 19V, which is 11.4W. That is surprising! I don't know what the LED itself is getting but I have a pocket flashlight that does half of that and will reach further!
I am curious where you guys might go with this? I paid good money for this turd but I use it a lot in flood mode....mostly because spot is worthless, and I really need a good spot light. My hope was to cover this base within my M18 battery tool lineup. I am not worried about running the spot for days, I want 2hrs of serious light. The question is how hard can I push a chip and which one? I think cooling is far better than any normal flashlight but I know Milwaukee put a limited lifetime warranty on the LEDs.