Awesome, thank you.
I guess my next question is about how the Hi/Lo mode works.
Would it be possible to have a 'Hi/Medium' ring? So say, M61/425lm HI ; M61LL/100lm 'Medium'. Would the Medium 100lm mode have the same runtime as the M61LL module, or is there something about the resistor in the ring that would lower the overall efficiency / light regulation?
When the head is tightened for hi mode, the circuit is completed from the body through the ring to the dropin, just as it is through the normal ring.
When the head is loosened, the body no longer contacts the ring, but rather a spring-loaded pin in the ring. There is a resistor mounted on the back side of the contact ring, attached at one end to the ring and the other end to the spring-loaded pin. Therefore, when the head is loosened, rather than the body directly contacting the ring to complete the circuit to the head/dropin, the body contacts only the pin, and the circuit is routed through the resistor to the contact ring and the head/drop-in.
The value of the resistor can be changed to affect the output on low. However, it isn't quite as easy as just de-soldering the resistor and soldering in a new one, as the resistor is mounted to the ring with a dab of epoxy. You can pretty easily cut out the resistor with a dremel and replace it though. The lower the resistance of the resistor you use, the higher the output, and also slightly higher efficiency on "low" will be achieved. Likewise, the higher the resistance, the lower the output and slightly lower efficiency will be achieved.
Simply adding a resistor in the circuit as this switch does is not the most efficient way to regulate a circuit to a lower output, but it does work well and is reliable. If you select a resistor to set low to the same output as an M61LL using an M61 drop-in, you will not achieve the same circuit efficiency as the M61LL by itself.