Batteries:
This is talking about Light Monkeys largest 25ah pack which has 287wh.
Contrasted against UWLD's largest pack which is 160wh.
UN38.3 regulations limit packs larger than 160wh.
Light Monkey has two battery packs, a 115wh pack, and a 57wh pack. The 25ah pack, is two of the 115wh packs, and one of the 57wh packs. These are sealed inside of the canister, and you have to trust that either TSA isn't going to ask, or you can talk your way out by showing them that there is a disconnect in there. It is a gray area and there have been reports of these packs being confiscated, I believe two in Australia, and one in Mexico because security wasn't buying it.
The second issue if you aren't travelling with the light, is because there are two different sized batteries, and the light does not have sequential draw, the 57wh pack will die long before the 115wh packs die because it is smaller so is getting drawn down faster. It's a really sketchy way to make a battery pack.
UWLD has one battery pack which is just shy of 54wh, and for their tall pack that we're talking about, there are three in series. Total is 160wh, right at the maximum, and the canisters have UN38.3 compliant engraved on them which helps to minimize risk. The nature of all three packs being identical, means that they should age at the same rate.
For the product, there are a lot more reasons, but the TLDR is you are spending more money for an inferior product. In this case the LM 25-32, vs the UWLD 26-160 with the standard gland, not sidemount
By the numbers
Light Monkey
2500 lumen
32w
8 hours burn
$1930
UWLD
2600 lumen
20w
7.5 hours burn
$1745
Features that you get with UWLD that you don't get with LM
Charging base with latchless head vs. removing the latched head and dealing with banana plugs
Piezo button on the head vs. toggle switch on the canister
Total package is ~20% lighter, only a pound, but it's still a pound
Light head is significantly smaller-
Cord has a braided cover for abrasion protection
Uses high quality glands vs the cheap plastic glands that are less prone to breakage, especially in cold weather and after UV where the plastic gets brittle
Option for hard and soft goodman handle that has the QR so you don't have to remove the whole goodman to swap hands or clip the light off
Multiple light output settings-this is a software function not an hardware function btw, so it's not added complexity, just added convenience of being able to turn it down to light match if in a cave, extend burn time, or reduce backscatter.
All of those features, and I get to save $200? Alternatively, I can spend $15 more than the LM and get 40% increase in light output by stepping up to the UWLD 35-160 which has 3500 lumen over 2500? Same money, more features, and 40% more light?
No narrative required, no selling required, LM no longer represents value in the dive light market because they no longer have a competitive product at their chosen price point. This is about to get worse when Dive Rite releases the HP50 which will be cheaper, has similar efficiency to the UWLD-26 and has a lot more features than LM, though not quite as many as UWLD. Customer service is essentially the same for all three brands, so you don't get any advantage there. In a month or two you'll be able to choose to spend $2k on a true state of the art light with UWLD, spend the same for a decade old light with LM, or spend probably just over half of that for the Dive Rite HP50 and sacrifice some features, but get a more efficient, and more cost effective light than the LM.
Why would you buy LM?