Next up is the Cree XM-L. It has a larger die and can take more amps. Lights running with an XM-L can output twice the lumens of an XP-G R5.
However, the downside of the XM-L are:
(1) you really only see the extra lumens when running at higher currents. Which means shorter runtime or you need larger batteries. Also means more heat. So smaller flashlights using XM-L typically only run at max for short bursts.
(3) the XM-L emitter's die is much larger, but has comparatively lower surface brightness. This means that lights using it output more lumens than the XP-G but are typically much floodier unless they use very large reflectors.