I'm with @Zef . For night diving, even in Monterey waters, the average dive light (i.e.., decent power, fixed beam width that's neither video-wide nor laser-narrow) will work great. Adjustable beam is an amazing feature, but keep in mind that people having been doing those kinds of dives without adjustable beams since the dawn of scuba. I would be interested to see how many people who have been using adjustable-beam dive lights actually find that feature important; oh, they may use the feature because they have it (and paid dearly for it) and, well, it's kinda fun, but how important is it really? The vast majority of divers do not have adjustable-beam lights for regular ol' night diving. In cave and wreck environments where you sometimes want to light up a room, adjustable-beam lights are more the norm (and even then, I would wager many cave divers rarely adjust the beam), but for night diving in open water, it's a bell/whistle feature and you're going to pay a lot for it. It's not envy--I am on a training path for tech diving, and I have an expensive adjustable-beam light and rarely adjust it. For night diving in open water, I use a DGX 600. Maybe if I were diving west coast waters rather than clear topical waters I would take the expensive light instead, but I would consider it a nice thing to use, not a necessary one.
On the topic of accidentally dropping a light into the abyss or flooding a light, if it's a $60 light as opposed to a $600 light, you just shrug it off, pull out your backup and continue the dive, then buy a replacement without burning a hole in your wallet.
You're a relatively new diver and, with all due respect, can't predict what you're going to like and dislike. Why not buy a pair of simple lights for the time being, and if it so happens that you just fall in love with night diving in Monterey and similar environments, then buy an expensive, adjustable-power, adjustable-beam light, and relegate your original lights to backup duty?
On the topic of accidentally dropping a light into the abyss or flooding a light, if it's a $60 light as opposed to a $600 light, you just shrug it off, pull out your backup and continue the dive, then buy a replacement without burning a hole in your wallet.
You're a relatively new diver and, with all due respect, can't predict what you're going to like and dislike. Why not buy a pair of simple lights for the time being, and if it so happens that you just fall in love with night diving in Monterey and similar environments, then buy an expensive, adjustable-power, adjustable-beam light, and relegate your original lights to backup duty?