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Yes, The L4 is a 5 watt and the E1L is a 3 watt. The optics/reflectors are also different, they make the EL1 a throw light, and the L4 a flood light.
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And, looking at the pictures on Sean's site, an "Ultra" L4 would then be just about the perfect do-almost-everything light, chasing evil-doers in huge dark warehouses/stadiums/wheat-fields excepted. Thanks.
I'd like to see Surefire produce a complete set of comparision pictures like Sean's under totally controlled conditions. That would make a great addition to their catalog and site, IMO.