True, the stock USL isn't a huge thrower - it wasn't designed to be. But...
With a FM-3 head on it, the USL delivers a much tighter beam (my eyes say it's about 1/2 the diameter of the stock head's beam), but it still has a huge amount of spill.
The USL/FM-3 lit up a stop sign in my neighborhood at 323 yds (electronically ranged), even with those horrible orange street lights messing up the night sky. And that is with the stock bulb. Swap a 64625 in and output jumps enough to be noticeable, though the beam isn't as nicely-shaped.
As Bill has mentioned previously, the 64625 doesn't add much when using the stock head. The spot really isn't noticeably brighter, nor is the spill. The 64625 really does need a 3" head to make sense. IMO, the stock bulb is the best bulb for the stock head.
For the USL owners who end up with a 3" head, they will have the best of both worlds - either a masssive wall o' light or a very serious throw monster with an impressive wall o' light.
Bottom line, from my own experience, the USL/FM-3's beam easily outdoes the LC/Lh's beam. It's very noticeable. Still, I can see your point. The LC/Lh does put a much higher percentage of it's total output into the beam as compared to either the stock USL or a USL/FM-3. If the USL/FM-3 put as high a percentage into the spot as the LC/Lh, it might be capable of starting fires at a distance.
OT - The throw of the the LC/Lh is surprising. My brass LC/Lh can light the reflective portion of the stopsign up very well, but not the ground around it, like the USL/FM-3 does.