An MC-E at maximum specified current of 700mA has Vf of 3.4V so ~9.5W. My point was that this light at 1.75A is driven much harder than any other small, single die flashlight.
Your argument is misleading because quite clearly, even though this led is a single-die, its thermal management is set up to cope with currents of a magnitude far higher than any other manufacturer's single-dies, in fact its in line with the quad-die emitters currently available.
It is therefore irrelevant that it is a single die emitter, what is relevant is whether a flashlight of the size of the M20 can cope with heat-sinking 5W of power.
There are many lights in this size that are pushed far more than 5W. (like the Wolf-Eyes MCE Explorer, Xtar SSC-P7 and Xtar-MCE and many other examples)
That is why I think that the heat-sinking in this light is a non-issue.
I don't know about non-corrosiveness
Ok, well then let me tell you that Titanium does not corrode in salt water. It is therefore a very useful material for dive-lights in marine environments.
It is so non-reactive that it is the ideal material to use in surgery for implants and prostheses too.
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In general with increasingly better thermal management of new generations of leds, it becomes far less crucial to use only Aluminium for flashlights.
This is one reason why McGizmo and many other great custom makers here are producing so many lights in Ti. Its heat conduction is perfectly adequate as long as the leds are driven conservatively as they are in this case.
Heck, McGizmo even said that many led-lights will be made in plastic before long.