Is there really that much difference in performance? I mean you are trading a higher input voltage for less amp-hour capacity.
Yes, big difference.
10% output not huge, runtime difference is.
(50% more cells = 100% more runtime and 10% more output. Explained below)
I notice all through this thread 2D and 3C used. This can be confusing - 3C Maglight or 3Cell dropin?
Malkoff XPG dropins, in D Mag size are:
2D ( ie 2 cell)
or
3-6 Cell.
Regarding those, the 2D is rated 270 Lumens for 3+hours on 2 D Cells.
The 3-6 Cell is rated 300Lumens for 6+ hours on 3 x D cells.
(Therefore 50% more cells = 100% more runtime and 10% more output.)
It's all entirely logical and predictable.
2 cell dropin will need a boost driver to boost the low voltage of the 2 cells, boost drivers known to be inefficient.
The 3-6 cell must use a buck driver, known to be efficient.