There have been a number of threads on donuts over the years - they are a specific problem with lux V lights (which is why you don't see them in SL and Fenix lights, they typically stick with the cheaper lux I & III emitters). The problem is often accentuated by the yellow phosphor-tint shift in the center, making it look even worse than it actually is (i.e. as measured by a light-meter).
They certainly can be compensated for to some degree with reflector placement - as evidenced by the good examples of L2/L4/U2s out there. But it's not easy to do, so some degree of "donut-ness" needs to be accepted on these lux V lights. The question, as always, is how much. Something of a judgement call that's highly personal (and ultimately unresolvable here, it seems to me).
My L2 is a great light, but the donut does bug me (seems to be ~ average, from beamshots I've seen here). Not enough for me to send it in for a replacement, but I can fully understand if someone else finds it objectionable enough to. Seems to me it's the price Surefire must pay for selling premium lights at premium prices (and the price we have to pay in waiting for ever for warranty service!
).