Relying on one of the CPF mottos, "Buy them both."
I have a Pelican M6 LED sitting right in front of me next to my Tigerlight and 2C modded Mag (KPR112, 3XCR123, Orange Peel PMR.)
My Tigerlight runs for an hour (well 1.1 hour advertised) before I stick it into the charger. I have not used my modded 2C often because of the fragile nature of the RS KPR112 bulb being driven at 9 volts.
The lights do have their places though.
I regard my Tigerlight as my main security guard job duty light. The Pelican M6 LED has replaced my Streamlight Scorpion for a back-up due to the fact that I get more run time out of it at the cost of less output (4 hours bright run time for the PM6 LED and 1 hour from Scorpion.) I also do not have to fear about a popped bulb on my Pelican M6 LED as the case with my Scorpion (never had a bulb flash on me from the Scorpion but had the bulb pop into the reflector rendering the light useless.)
Most of my lights are incandescent due to the output of them. The Pelican M6 LED output is nice and WHITE but doesn't produce the sheer blindness my Tigerlight or modded 2C. I do have a fair selection of 5mm LED's around though for low light situations (Inova 24/7, Ultra G, Arc AAA, Ray-o-vac headlamp with 3 X 5mm LED's in and the hybrid Twin task 1L.)
Anyway back to topic, the main reason I got the Pelican M6 LED is because I read how everyone raves how white it is and it seems to throw like my SF E2e but my E2e puts out that wall of light, so the Sf E2e is my EDC (due to size and light output.)
Luxeons still have a ways to go before they can fully replace incandescents.