As a consultant, I have to say “it depends”.
Unfortunately I forgot to ask which brightness bin it is. It holds draw for a short test at ~1.65A on a fresh charged Trustfire 14500. I don’t have any IMRs or other 14500s to see if it would go up with a better battery. No testing with AA cells of any type.
I don’t have measurement gear, but the output table based on voltage calcs out to something like 25% to 100% increase in lumens, most likely something in the 50-75% range over the XRE that came out - more if it is an R5.
http://flashlightwiki.com/Cree
However, many of the extra lumens are spread over a larger area of the projected die. So brighter depends on whether you mean more total light in the target area, or more intensity at center. Yes for the former, less so for the latter.
With a somewhat depleted battery, OL didn’t think it increased by much. Side by side on a very close wall, my XPG2 seems to be a little brighter than my P60 XML’s hot spot running @ ~2.1A. Pretty good to me. Also, the die image is a little smaller (and brighter) than my P60 XML aspheric. Another good finding, to me.
With the 3 mode, I get a nice wider focused beam on high and the lower power is perhaps similar to the brightness of a 1.5v battery drawing similar ~2.x watts.
The zoomed out mode is also cleaner, though mine still has a halo ring at the outside edge (probably the bare alum outer ring under the lens which sits a little higher than the white plastic compression ring).
The bezel and lens off makes a great mule - easily lights up 30 foot width and 50 foot depth (standing at the entry to the biggest space I have at home). Looking at it from the receiving end from 20’ with no reflector or aspheric I’m still seeing spots as I type this.
I wanted the mod because the driver seemed to be about right for where I wanted to run my first XPG2. LED and star changed, not driver. Plus I already have a FTT XML light that I like waiting for XML2s or brighter. Lucky for me Old Lumens got the wrong LEDs in and had them available.
Heat has been a non issue, especially for my runs on high (only 5 - 10 minutes at a time). Probably because OL said he was able to add a little copper in the hollow pill and added paste to help with heat sinking.
Very happy with the change and this will be well enough left alone, if I’m not grabbing a different light for a specific task. I’m not planning to run AAs in it except as emergency backup. It might suck for 1.5v or it might be OK for someone else.