I have owned both of them at them same time and did side by side comparisons. I would have say that the L5 is more useful. The L6 has only slightly more throw and output than the L5, which is why I traded my L6. The L5 has a slightly larger hot spot than the L6 and is only noticeable outdoors. IMO, the L6 is only good for its run time so if size is not an issue, get the L6. But if you want a smaller light that you can slide into a jacket pocket, get the L5 (or U2 :nana: )
Also, only a few Surefire LED lights have donut holes. My L6 had a noticeable hole, and my L5 has a perfect beam (newest version from SF).
Thats just my personal oppinion.