Rather than tell you what you should do, or directly answer your specific questions, let me relate my experiences with used HID and LED canister lights.
I started out with a DR 10W HID (used) in 2009. After a few years the battery got sketchy, so I bought a new battery for it. Shortly after that the HID bulb finally burned out, and it was cheaper to get the head converted to LED than buy a new HID bulb, so I did that. The LED had more burn time than the HID, but was not much brighter and was a much bluer color temp. Some years later, I found another one of the same light (used) on eBay with 2 batteries and an LED head, so I bought it for spare (mainly to have extra batteries, but I also dedicated the new canister to my BM setup (permanently mounted to the R waist of my harness) and the old canister I set up to use either with my SM harness (butt mount) or any other BP/wing setup. I found the regular lid just fine for SM or BM use and the regular length cord almost long enough for SM (I can't fully extend my arm with the goodman handle on my hand and the canister butt mounted, but it's close enough). YMMV.
Right around the same time, I also picked up another HID head with 2 more batteries, but no canister. I now enjoy the choice of HID or LED with or without goodman handle, waist mounted for BM or butt mounted for SM. I like the color of the HID, but prefer the longer burn time of the LED, so I choose the head based on the dive. Short dive at night or in cave - HID. Long dive - LED. Multiple dive not in total darkness - LED.
The original light was $200, the extra battery was about $150 at the time, I think. The second light with 2 batteries was $250, and the last one with no can was $200. So for $800 spread out over 10 or 12 years, I now have 2 canisters with 3 heads and 5 batteries (4 that still work). That's less than one new can light costs new. Overall, I can't complain.
All that said, I have a bunch of handhelds that are actually brighter than these canister lights, which I often use as my primary for short dives, especially in side mount. But for longer dives, the used canister(s) I have are very cost effective solution that meet my needs. Again, YMMV.