...it isn't pwm and more importantly, the fluctuations are said to be so low they can't be seen by eye...
All things being equal, you have 2 near identical Zebralights, one pulses like the stock version, but the other uses a legitimately constant current and true constant light output, no pulsing or PWM-like tricks. Battery life is identical, and because Zebralight is already a premium cost light, the retail price is identical. Which would you choose?
Herein lies the problem with the argument others have long made, saying, more or less, if you can't see PWM, then PWM doesn't matter. If I hid something in your living quarters that smelled like feces, but wasn't actually feces, somewhere you couldn't smell it, you won't mind? Not being able to detect PWM instantly with normal vision has no bearing on the evils of PWM. Sometimes, one only suspects PWM, and doesn't literally detect it, because after using a light for 2 hours a migraine sets in, or exhaustion. It is hard to predict that beforehand, and afterwards it's too late to do anything about it.
The argument seems to always be between one side that
doesn't care, and the other side that does... but somehow, oddly, the side that doesn't care often ends up evangelizing, campaigning for, PWM, which is absurd, because they don't care.
PWM is bad, and so is anything even remotely like PWM, such as pulsing 10% dips in brightness on a frequency of 75kHz. There is nothing one can argue from the vantage point of "I don't care about PWM" to mitigate the evil of PWM.
And it's frustrating because it is not a "different strokes" kind of thing. You have a population that doesn't care their lights use PWM, or variable light output somehow or are unaware of it, and a minority population that ranges from prefer to not have PWM to can't tolerate PWM, and because the I-don't-care's are large enough to drive what is made and sold, the minority will be ignored by major manufacturers. But I bet most of the i-don't-care's or i-don-know's that are made aware of it, if offerred an identical light for an identical price without PWM, would choose the one without PWM. Wake up people! Don't be so complacent with "good enough," we deserve not just better... we deserve the best possible, and we are glad to pay a premium for it.