Thanks for pointing this out, mrbreeze.
The other way to do it is to use a 3mm LED, only having to remove the lip at the very bottom of the LED encapsulation; instead of having to mod the reflector for the larger 5mm LED.
The other benefit is that a spare 'bulb' then fits in the original tailcap stash.
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(I didn't take any pics from the front end, but it's a pretty tidy install.)
Having the 'White' in the primary location, and the 'Red' in the tailcap stowage, for example.
For some reason, the beam is much better from the white LED, despite going through the full focus range of the MM original design.
About 5-10 lumens from the White, from doing rough comparisons; the Red was considerably dimmer.
Not too bad considering the original MM was ~14 lumens. I actually still had a functioning incandescent bulb, and really didn't see much difference in output. Beam quality was far better with the white LED.