correct. 10w HID's throw comparable light to the nice high end backup lights. Some of those backup lights, DGX600, Big Blue, etc. will dim throughout the burn, but others will maintain constant output.
That said, with todays technology limitations of roughly 100lumens/watt out the front *all the inefficiencies factored in*, and todays battery density limitations, You have some limitations. A "reasonably" sized battery pack is 4x 18650's, with a max of 3.4ah each or roughly 50wh. You only want to use 80% of that, so 40wh usable. You need about 2 hours of burn time, so 20wh consumption which gives about 2000 lumen. This is about what the Halcyon Focus 2.0 outputs, and a bit less than the Dive Rite HP50. Those lights are realistically the limit of todays technology for handheld.
If you want more output, the 3500lumen beasts from UWLD and LM, you're going to be pulling 35-40watts. To push that for a reasonable amount of time means bigger battery packs and you don't want that on your wrist.