You do not unscrew the PCB! If you do, components on the PCB will be ripped off. Under the PCB, there's whole lot of things. You must apply force on the module instead of the PCB.
I have done it and replaced the LuxIII, resulting is a light with slightly higher output and also higher power consumption(@Level1) due to the higher vf of my LuxIII. I am also trying different type of inductors(low dcR) to see if there are any improvements in efficiency. The info/pics were posted in another thread.
You can disassemble an Arc4+ without doing any damage if you know how. There are ways to do it however, it is quite risky for a first timer. I broke the inductor on my first try /ubbthreads/images/graemlins/jpshakehead.gif, it's not something you can get from digikey easily. However, for those who need, I do stock a few now /ubbthreads/images/graemlins/grin.gif. I would not recommend swapping the Luxeon because the original Luxeon is already a pretty good bin. Finding one that's better is a tough job.
Follow cy rules and you will be fine, you don't have to touch the PCB.
-vince.