I think FLR got an early L0D CE so I assume P3WC bin (65 lm/W).
Measured out front 46 lumens.
R4 bin is 115 lmw.
So you should get 46*115/65=81 lm/w off an AAA.
With an 10440 it should be over 2X of an AAA so 200 lm/w is possible.
OTOH the Vf of an R bin may be low enough to always fry the LED if used with 10440. Or Fenix changes the circuit so you cannot overdrive the LED. Ultrafire has already done that with the WF602C so the light is no brighter visually on 10440 than on AAA.
Considering that so many people use the L0D on 10440, Fenix really should modify their circuitry to support it. They should probably introduce a peak current of 600-700mA to spare both the cells and the emitters, neither of which are meant to handle >1A. Low voltage cutoff would also be a must to prevent overdraining cells. I probably won't go back to using a fenix AAA light until they change the following things:
* Much Faster PWM frequency, or filtered output (constant current)
* Regulation and low voltage protection on 10440
* Very low mode, ~1lm or so (if they stick with a 5-mode sequence, I'd suggest very low -> low -> med -> high -> strobe)
Also, I would gladly accept a ~10% hit in efficiency to have a neutral white emitter (3500-5000k range) rather than a cool white. I'm pondering modding my LF2 to use a Neutral white emitter, but unfortunately, I've yet to see any available -- Cool is available in R2 bin, and Warm is available in Q2, but no neutral.