The heart of any LED flashlight or headlamp is the emitter. These days (early 2010), it seems that Cree is making the best parts. Here is my attempt at a roundup and summary of LED technology:
XR-G A 3.45 by 3.45 mm die with a 325 lumen output (for the R5) - R4 and R5 designate flux bins. The data sheet says it is "capable of 493 lumens at 92 lumens per watt when driven at 1.5 amp." This is the "XLamp XP-G LED", some people call it the "7090 XP-G", but I have no idea where the 7090 comes from.
XR-E A 3.45 by 3.45 mm die with 220 lumen output (for the R2 flux bin). Q5 is not so bright, P4 is even less so. So you want a light with one of these from the R2 bin (which most high end lights using this part will boast having).
MC-E quad emitters - one die with 4 emitters.
The 5mm Nichia is a 15 cent part used everywhere in cheap keychain flashlights.
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