As far as anyone knows, the MJLED is an ISP 100-mA LED, hand-picked for low Vf, and cut down. Most LEDs, including the 35,000 mcd LEDs, are spec'd at 20 or 30 mA. If you run them much higher, the life is severly reduced. The ISP LED will handle 70 or 80 mA just fine. The low Vf means the LED works better with a pair of alkaline or Energizer lithium AA cells. Cutting the top of the dome off means that light is emitted more uniformly, allowing the Minimag's reflector to focus the light forward. If you put an uncut LED in a Minimag, the LED emits most of the light forward (focused by its own dome), emitting very little light to the sides for the Minimag reflector to catch. The Minimag reflector is pretty small to start with, so I don't know how much of a benefit you get from cutting down the LED.