I gathered some heat data yesterday. I measured the temperate at the back of the heat-sink between the fins. The light was on for about 10 minutes with no air movement. The ambient temp was 38 deg F and the light was 61 deg F. (my buddies mag light mod was 86 deg F measured on the case near where the internal heat-sink is in contact with the outside). I measured the light indoors at 70 deg F and the light was 94 deg F. The temps at the ends of the fins were 8 to 9 deg cooler. As a note of interest, I am measuring the temperature at 3/8 of an inch away, directly in back of the Cree stars and they are drawing about 1A.
I know it is nearly impossible to compare data with other designs, But I would say the heat-sink is working quite efficiently.