A contest would be fun but hard to verify the winner to everyone's satisfaction. I do know that our contractor took 6 Arc-AAA standards to 340 feet a couple of months ago. This was done at our request. The units where turned off an on at depth and none leaked. Total time underwater including descent and ascent was 2 hours.
This is the same contractor that earlier had taken different Arc-AAA standards to 60 feet and took
pictures.
Extreme Outfitters, which supplies flashlights to certain government outfits says they took several Arc-AAAs to over 250 feet.
In addition, Willmore on this
thread , says he took his Arc-AAA to 75 feet.
In none of these cases did the light leak so we really do not know what the depth limit is.
As Darell has said, the o-ring is only to keep the battery compartment dry. The head (with the LED and electronics) is sealed with a glass-like epoxy. The epoxy is fairly runny before it drys. Flashlights that we have disected have been found to be free from air bubbles. Essentially, you have a solid block of material.
To be conservative, we rate the light at 50ft. I may raise that rating in the future once we do more tests.
Peter Gransee