DONE. At last.
One of my guys managed to find me strap wrenches. Great, I get the outer housing open, the problem is that the threadlocker on the top (LED section) of the pill is far stronger and the bottom section unscrews first, leaving me with nothing to get a grip on.
Removing the top assembly (the 'shroud' that covers half the light) was so difficult, I damaged the bottom threads on the pill.
Stillphoto - you may want to consider opening this electronics assembly a destructive exercise. My backup plan was to actually find a drill and drill two holes in the pill and then use a pin wrench to put some serious torque into it. If you are drilling, use the red and black wires as your cue. If red and black are West and East, drill your two holes North and South so the holes and wires form a + . There is enough alu to drill.
What really happened was that the strap wrench wasn't so helpful so I went back to the vise grips after stripping two of the internal notches. Slip goes the rubber shielding the threads, crunch goes the vise grip and byebye threads. The carnage is pretty nasty looking so I have spared you photos to save your breakfast/lunch/dinner (or whatever previous meal) from coming back up.
The funny thing is that there are still enough threads left to screw back on properly.
I will probably never trust this light again for 'production' use, as its mechanical integrity has been compromised, but it will be fine for wandering around the house and various experiments.
I am a little disappointed in the MANIFESTLY EXCESSIVE use of threadlocking compound here. I'll honestly have to think twice about buying LED heads again. Sure, I acknowledge these were never meant to be user-upgradeable, but I'm making 'user upgradeable' or at least 'advanced tinkerer upgradeable' a priority for future purchases.
Thanks for the encouragement guys. I've won, although not a perfect victory but good enough.