Are we talking about the high power output luxeon LED's here or the normal 3/5 mm leds in groups? Too bad I've never seen LED diving lights IRL.
The UK C8 eLED uses one single LED. There is a three possition switch for full/low/off
power setting. From memory, I think full power is about 7 watts
I've seen a "not quite on the market" Prenston LED light that is possably brighter then
my UK light. It uses three LED but the been is well designed. A dive shop owner loadedthe prinston light to my buddy to test out one night. We both said after "If the price were reasonable I'd buy one". I saw it in use in about 10 to 15 foot viz at night well after sunset down at about 60 to 80 feet. Three beams would emerge from the light ad merge into onebeam about 18 inches out. It was a bright focused beam.
One other thing about nimh batts is that they outgas. You have to ask the manufacturer
if nimh are usable. A walkman is one thing, it is low power but a dive light can burn a few watts and the comparment is sealed. Akaline last a _long_ time, weeks and weeks so
don't worry about it
My eLEDS has internal voltage regulaton. Voltage drop over the life of the battery does
not effect lightoutput. It uses a DC to DC converter to supply constant voltage to the LED.
And yes when the batteries decide to die it goes from "bright enough" to "quite dim" in about 15 minutes and that is with akalines