Any experienced user willing to update this sticky? Much of the OP's advice still seems solid, but LED and battery efficiencies have improved and prices have dropped a LOT since the OP in 2010. The ratings (in lumens) of the less expensive LED lights may be BS, but it sure seems you can get a very bright compact light for <$30 that SB members have taken to 30m on multiple dives without flooding. Is it "5000 lumen"? What's the actual lux? Most divers don't care about exact measurements if it works well for the task. Sure it would be nice to have an objective way to compare, but marketing always seems to exaggerate or emphasize less meaningful stats to make their product sound impressive. Caveat emptor, but that's why it's nice to read user experiences!
These cheaper lights may or may not be optimal for photography (hot spots, etc?), but it would be great if an experienced user could weigh in (after actually trying some of these newer lights.) I am sympathetic to manufacturers who may still be selling stock of lights based on technology that was good enough just a few years ago, but folks shouldn't have to spend 4x - 10x more unless there are real-world advantages to a diver. And as a newer diver, I'm amazed by the range of prices for apparently similar hand-held diving lights.
These cheaper lights may or may not be optimal for photography (hot spots, etc?), but it would be great if an experienced user could weigh in (after actually trying some of these newer lights.) I am sympathetic to manufacturers who may still be selling stock of lights based on technology that was good enough just a few years ago, but folks shouldn't have to spend 4x - 10x more unless there are real-world advantages to a diver. And as a newer diver, I'm amazed by the range of prices for apparently similar hand-held diving lights.