Thanks, Dan, for the explanation. It sounds like the bottom line is a more efficient driver not only requires a better design, but a more expensive design, and there just isn't enough demand for them to recoup the added material/fabrication costs.
Yes and no. If everyone made their own drivers already, it would just be a question of making
better drivers. Then the only extra cost would be [what is required for more efficiency]. But most P60 shops don't already make their own drivers. Most buy a box of 7135's and call it a day. So in practice its:
[buy chips that already exist] vs
[make a whole new driver from scratch] + [make that driver more efficient].
One option is maybe $100 with minimal development, the other is
10k (100x as much) to make a circuit design from scratch and then test it and then produce it. Thats a lot of additional work for a single feature that by itself is hard to explain, near impossible to actually see, won't produce 100x the sales, and is difficult to charge extra for.
I don't know the history of the 7135 but if it was made for flashlights, the producer may have 100k units on the shelf and see little reason to make them obsolete by making an improved version. If they were made for something else and adapted to flashlights, the producer may not need efficiency for the larger application.
I was under the impression that given the relative simplicity of flashlight circuitry design, it shouldn't cost substantially more to make something better.
There are different ways to make flashlight boards. A 7135 is a near complete part. On the plus side, this means cheap and simple. But on the neg side, this locks shops into what it can do and how. My v5 board is a set of different chips that work together. On the plus side, there is huge flexibility. But on the neg side, there are also huge logistical considerations putting it all together (plus all the costs and risks).
The central point here is that in most cases the people deciding to make what you're buying are not the same people who are deciding what the driver is capable of doing.