I have to go with runtime on this one. All the photon-slinging ability in the world won't do you any good if you don't have any power left. For a working light I prefer reasonable brightness (>60 lumnes OTF), preferably with a low mode (<10 lumens OTF), with an efficient, flat-regulating driver that can get the absolute most out of a set of batteries. I'm more impressed by good regulation and efficiency than peak lumens. I'd rather run a lower-powered light all night long than have to change batteries several times during the course of whatever activity I'm engaged in. Of course I'd like have a battery-smoking, reach-out-and-touch-someone mode as well, but I wouldn't sacrifice efficiency to get it.