I collected some data for the OP. We had been talking in PM's, and I recommended he start a topic because he had questions about regulation and how well it's regulated uses different batteries, data I haven't collected.
I did some lux readings though. The one feature of the M60 that sets it apart from a lot of my other lights is the beam. The M60 uses an optic that produces an intense hot spot and then spill that just floods out smoothly from the hot spot and it's hard to see where the spill ends. With a reflector based light, like the Fenix T1, you get a circular beam and it's clear where the spill ends. The spill is bright up to the point it stops, then you have nothing. With the M60 the spill just floods out, and there is no sharp cut off.
So I took some LUX readings at 1 meter. I took a reading of the hot spot, then I aimed the light away from the lux meter's sensor at different points in my room (so I could point at the some spots with each light), and recoded the readings. Sorry, not precise measurements or angles, just different spots on the wall.
Fenix T1:
6,300 LUX - Max LUX in hot spot
190 - P1
99 - P2
5 - P3
1 - P4
Malkoff M60
6,430 LUX - Max lux in hot spot
230 - P1
58 - P2
27 -P3
13 - P4
From these numbers you can see how the M60 has a more gradual fade out from the intense hot spot, to the edge of the spill.
At position 1 (P1) the M60 was brighter than the T1. At P2 the outter part of the T1's spill was hitting the meter, any farther over and the spill would be off the meter. At this point the T1's spill was brighter than the M60's, but the T1's spill ended there.
At position 3 we see the T1's spill is pretty much non-existent, maybe just a bit of light reflecting off the T1's SS bezel is bouncing onto the lux meter, and other ambient light in the room from the T1's beam. However, the M60 still has a decent amount of light hitting the sensor at 27 lux.
At position 4 nothing direct from the T1 is hitting the sensor, but the M60 is still putting spill on the sensor giving 13 lux. The M60 still has some spill to spare, but I didn't take a reading.
In a more precise test I could record the angle of the light at each position from the sensor. If I had to guess, position 4 was about 45 degrees from the sensor.