Re: Budget light goes beyond dollars
If y'all don't mind me jumping in here...
I've gravitated to "budget" lights like the '501, '502, '98, and C8, mainly to customise them to my liking. At first it was buying complete drop-in modules, now I'm reflowing my emitters and putting together my own drop-ins from scratch. It's kinda nice.
Plus, if a tailcap switch goes flaky on a '502, I just grab another from the 3-pack of '502s and I'm done. No need for dealing with customer service at XYZLites. I just go on Amazon and buy another 3-pack from LuckySunMoonSky or HappyColorSmile888 or whoever.
And it's true, this past year (2015-2016) it's been a race to the bottom as far as quality, but I mainly buy these lights just as hosts. So the drop-in with a LatticeBright chip that's the size of an XP-E pumping out a whopping 70-80lm, and Generic Mystery Driver with more blinky modes than steady modes on a lightweight halfsize aluminum pill, is a throwaway (literally) part, to be replaced with a real Cree XP-L/XM-L2/whatever-you-want chip and NANJG driver on a nice solid pill that sucks away heat like a sponge.
Gawd, sometimes I think I'm singlehandedly keeping Fasttech and Amazon in business...
But for screwing around and trying all sorts of emitter/driver/reflector combinations, that's the only way to go. That's how I got (ie, made) a C8 with 365nm UV LED, which you won't find *anywhere* else online or in stores. Or if you want a green hog-light, or red "night-vision" light, or whatever. Or maybe I just want to compare 4500k with 5000K with 6500K emitters. It'd be nice to have all 3 lights complete, so I can view them all literally side-by-side.
Who's going to buy multiple $urefires and mod them? Hell, I spent <100bux on my Quark, but I'm not about to replace the emitter to get rid of the green tint, because there goes the warranty!
So definitely there's a place for "budget" lights.
Oh, and I confess not knowing if any "premium" light throws a nice floody beam from an aspheric lens, but short of a mule, there's nothing that beats a SK98 (genuine Sipik or clone) for a nice even blanket of light to, say, light up your path in winter to make sure there's no ice or snow.
Just don't cheap out on the batteries!!