Yeah, I you can't get a Lux III up to 200 Lumens unless it's a Red/Orange. Good Lux Vs put out more light than Lux IIIs, but since they have 4 die in them, it's hard to focus them as well and they don't throw as well as a good Lux III with a good reflector.
The big deal about the Aleph III head is how far it throws... It throws incredibly well for such a small light and with the 2 stage tailcap, even on low, it does a very good job. Actually, the Aleph I throws very well also and has what many would consider to be a more usable beam overall.
McGizmo makes/designs them and he has his own forum under The Custom and Mod sub-section.