I agree with mrlysle and the.Mtn.Man. I have a ZebraLight H600W that also steps down from turbo after three minutes. To find out how much it really mattered, I tested it in my dark basement while keeping still and timing it with a stopwatch to make sure I didn't blink when the step down occurred. Could I see it step down in that test? Yes. Is it enough to really detract from this light? For me, no. Others may have very different opinions. It is much less noticeable in real use, to the point that you could miss it with this light as well.
By the way, with the ZebraLight, you can also test the difference between the two modes instantly by selecting between turbo and high. And you can go back to turbo for another thee minutes any time you like by turing the light off and back on, although that could be inconvenient, and fortunately for me not necessary. This light definitely does get warm/hot in turbo mode.
In my humble opinion, if you found a light that meets all of your criteria but are hesitating only because of the auto step down, I would say not to worry and get it.