As you say, the L&M have an initial lower hassle factor, some very well thought out features, and some re-assurance against flooding. But what their strength is, is also their weakness. They aren't 'magic', and they are expensive. They have 18650 cells (mostly x2), O-ring on the light head, and LED's like everyone else. The higher power ones tend to use up the battery (my Sola 1200) in a single dive -70 minutes when new. No chance to change batteries or charge if you are doing a 2nd dive. Sure, you can throttle them down, but then you may as well have a weaker light. You can buy a lot of light for what the Solas cost.
When the batteries do go, and ultimately they will which could take years depending on use and care, having them changed by L&M is expensive. I'm waiting on a battery pack to try it myself but it's a job most people would probably not take on.
(Note - my Sola 1200 uses 2150mA capacity LG cells. They are decent, BUT, for a $400 light I'm a little miffed they didn't put top end 3400mA Panasonics/Sony/Samsung in there. Light would have lasted way longer and it would have set them back probably less than $5-6.)
FWIW, I have no issue with contact corrosion at all. Rinse contacts promptly, dry thoroughly, no problem.