Just put a SYOLW 3W in a Blaster III, direct-driven without any restistors.
Had two Blaster III's that were pretty much the same (both Q2KW). Both are direct-drive. Having just finished comparing the two in the dark backyard, I have to conclude that the throw and overall amount of light appears to be pretty much the same.
I MUST say that I had always thought that these two Blaster III's seemed to be very white. Compared to the 3W, however, the 1W now appears almost YELLOW. When used independently, however, either one is still one heck of a light.
In conclusion, based upon my statistically insignificant sample of ONE, the 3W appears to be nothing more than a very decent binned 1W. This, by itself, though, is probably worth the $$.