if you peruse NC's now revamped P12GT page they better explain how their thermal regulation system works. The light is designed to wick heat away to the exterior so yes it will get hot on turbo but notice that it will also start to cool as the thermal regulation slowly drops power to cool it down and still provide a smooth long and useful drop off curve in output as the battery drains. Note the GT has a nice looking copper heatsink as well.
As for the EC4S running flat out on turbo until the cells drop out I believe its actually the EC4 not the EC4S that does that. Ive seen the reviews here and still need to see the EC4 running flat out with no drop in output for an hour for myself to really be sold on it. EC4S from what I understand just puts out to much heat to be able to run flat out like the EC4 does. I could be totally wrong but...just my opinion.
In the meantime I have been EDCing the GT for a bit now and am pretty damn impressed. The 280 lumen high mode(looks a good bit over 300 to me)has been the main mode used. Even at that lower level the XP-L HI still throws a visibly concentrated beam I am very impressed. The GT as good as it is still doesnt have the high quality in hand feel of say any PD35 variant but hey NC seems to have turned a big corner in 2015. The quality of NC products rolled out this year is far and above what they made before that.
Only thing I did not like about the GT was it came with a squishy switch. There was some give underneath the switch boot before one makes contact with the actual switch. I like my tail switches nice, immediate and crisp. After much rummaging through my big box of spare light parts I ended up switching the domed GT boot with the flat top boot from a PD35. Worked perfectly. No more squish then click, response is now immediate.