I just went to Costco and picked a few Leatherman Monarch lights. I was VERY impressed. It's beam is very uniform from spot to flood. I have a feeling my Sure Fires and Falcata's will be sitting in a box! For $30, you cant go wrong!
It uses a Cree P4 directly-driven from 3 AAA's, which delivers around 900-1200 to the emitter initially. The 145 lumens figure is realistic for "out the front" lumens, which I have to applaud Leatherman for using. Most companies would've listed it at 220 lumens or so, which would be "at the emitter" lumens. From my observations, the light may be putting out 150-160 out the front lumens. Looks like Leatherman was fairly conservative with their rating. :thumbsup: