It's not a matter of bling. HA allows the light to wear better, leading to a longer life. HA anodized threads also are wear resistant, operate smoother, and last longer.
Piston drive allows for a smaller light with a unique and innovative UI, and does not use a mechanical switch to fail.
Some of the above lights offer multiple modes, so you don’t have just have a dim light. You can also have one of the brightest lights around in 100+ lumen packages the size of a finger, while also giving you triple digit runtimes in low if you want that also.
Most of the above mentioned lights have a lifetime warranty, either through the manufacturer or dealer (i.e. Fenix-Store).
The Photon Proton Pro for example also gives you a red LED, which is useful for both long battery life and maintain night vision with dark adapted eyes. That sounds like something you may be interested in. Like the NiteCore lights, it also offers infinitely variable ramping in brightness for any value between min and max.
This is definitely a case of “you get what you pay for”. $40-80 is a sweet spot for quality LED lights, where you can get a huge “value” of a light vs what you pay for it.