I quoted neutral bin specs since that is what I'm interested in. The Rebel 100 neutral is the spec I quoted (they don't say SE anywhere I could see on Future).
Even looking at K2 220 cool bin with an optimistic Vf of 3.15 (lowest I've seen for K2, but only in K2 200's) then K2-220 gets 70L/W while Rebel 100 gets 91L/W. Vf should be higher at higher amps for a given LED, but if an LED is designed to operate at 1Amp, then that is where it's efficiency matters. And Neutral K2 (K2-180 are available) are actually around 57L/W with a low Vf of 3.15 @1A if you can get them. Some run up to 4V, you can't spec the Vf bin on Future, and I don't want to risk a Vf that high.
Higher Vf and more efficiency at lower amps can't account for 30% difference in efficiency.
As an exercise to show this, I took an established Lumens/Amp curve and estimated 144L at 700mA for the neutral K2 180. Assuming a lower Vf of about 3.0 (the Amp/Vf curve is very steep at & just below Vf for diodes, so the Vf will not change a lot for a 30% drop in current) then I get 69L/W. For the best cool bin available (220) even with a Vf not seen in the K2-220, then I get 84L/W. Getting closer, but I'm using vaporware LED bins to do so. But if I wanted to drive something at or below 700mA, I'd still use the Rebel 100 and be ahead.
180 lumens is 180 lumens, and if it takes only 700mA in a Rebel, but takes 1000mA in the K2, then that tells me something. The Vf would have to be 30% lower for the K2 to make up that difference, and I don't see that anywhere. Rebels are the ones with consistantly lower Vf, even though some low Vf K2 exist - TV0D's (200L, 3.15Vf) are out there.
I assumed since they use the same technology they would be the same efficiency too, and I am still mystified as to why they apparantly are not.