S'alright, redone - here's the quick, Cliff's Notes summary of the situation... and I'm repeating myself from a few months back, but that's how everyone learns. /ubbthreads/images/graemlins/wink.gif
LuxI versus LuxIII: Essentially the same technology, a single-die LED provides all the light for the flashlight. The LuxIII has slightly improved thermal management, and the quality is consistently better across the board as far as tints go. It can be driven a bit harder than the LuxI can be, which means it can provide more illumination as a result. LuxI's, however, because they're driven at a lower power level can have better runtimes on the same batteries... at the cost of illumination.
Optics versus reflectors: Optics tend to collimate the light they receive and project it forward in a fairly tight beam, at least in most flashlights we see here - the advantage is that they don't take up a lot of space, and you get a good hotspot when you use the collimating optics. Reflectors take the light from a light source and then bounce it forward to form a hotspot... but they usually end up spilling a lot of light too. This means you get a 'wall' of light, or at least a wider angle of illumination, but the reflector takes up more space and won't throw as far as a smaller optic will unless it's properly designed. HOWEVER, it will provide you with a lot of usable light all over, so you don't have to wave the beam about to illuminate the whole object... at the cost of a really bright hotspot.
The Longbow is a modular light system, and its body uses HA-III to ensure that the light won't scratch easily. Modules can be easily replaced, and this will ensure the light can be upgraded or modified to suit a person's needs - switches, bodies, and optics can all be changed out. You can take a Longbow Micra and run it off 2-AA batteries if you want to, or switch the optics for a reflector. You can even put a new head or a LuxIII in one... but it'll cost you to get the McCapsule and PR-T head.
The Quantum III is a cheap light - it's finish is good for the price, but it's just HA-II, so it scratches fairly easily. It does, however, throw fairly well and provide a lot of usable light with a small but usable hotspot. Depending on the LuxIII in your Q-III, it can be a lot brighter... or just marginally brighter than the Micra, but the hotspot's going to be less, as it doesn't use optics to concentrate all the light forward. It too can be modified, but not as easily as the Longbow.