keep in mind that Big Blue lights are not as they seem and you have to take a serious grain of salt when evaluating them.
Making some VERY broad assumptions
Battery pack is 18650x4, so assuming batteries are full and you use 100% of them, you get 51.8wh of capacity
The light uses Cree XML's which have an absolute max efficiency of 158lumens/watt
Assuming they are telling the truth about burn time, at 2.5hrs, then the light is drawing roughly 21watts.
21watts*158 lumen/watt is 3318 lumens average. A FAR cry from 8300
Using some real numbers, you will only have access to about 80% of the battery, which assuming they are using 3400mah cells is about 40wh. The actual efficiency of the lights are going to be between 100-120 lumens/watt, and since I have no reason to assume they are lying about the burn time, but will assume that it may kick to "low" for the last half hour you have 40wh/2hours is 20watt consumption. 20*120 lumens/watt is 2400 lumens average across the burn time.
do NOT assume that because it says it puts out 8300 lumens on level IV and that level IV has a burn time of 2.5 hours that you actually get 8300 lumen for 2 hours. IF it actually hits 8300 lumen, it's only for a minute or two then it tapers down very quickly so you have to treat that light as somewhere around a 2000 lumen light when comparing if you want it across the whole burn time. You can't argue with the math.
Chart is attached below from the VL15000P which is much closer to a 10,000 lumen light across the span of the burn and you can see how it falls off steadily as a function of burn time.
The L&M's have a constant output driver which is why they may seem conservatively rated, but when it says it puts out 2000 lumen for 2 hours, every minute of that 2 hours is at 2000 lumen which will give you a better quality shot. Even optimistically, that light is only capable of putting out 3300 lumen on average but more likely around 2500 lumen, so compare it to the Sola 2500 when doing a cost comparison on it instead of getting tricked by their marketing department.
Nothing against the quality of BB, I own a couple BB backup lights, I don't own any L&M's, but be an informed buyer and do the math. My big lights are all UWLD, primary and video, and woah baby is the difference huge. I've had my 6000lm video light from UWLD in a cave with a 10,000lm big blue and aside from the initial shock, after about 10 minutes the UWLD blew it out of the water. Granted it is a lot more expensive, but it is a 6000 lumen video light that will burn for around 3 hours. Keep this in mind, it takes UWLD 10x 18650's to make a light burn at 6000 lumen for just over 2 hours. How does BB thing they can do over 8000 lumen with 4?