Encapsulating the qtc chip does sound like a real good idea. One thing I want to try (but it won't totally encapsulate it) is to use a copper disk that has 4 legs. The legs will go past the flat sides of the qtc (not the corners) into a plastic or fiberglass disk that will be about where the driver is currently located. The legs would have anchors on the back side of the plastic disk to keep the copper disk in place. Something that will kind of look like this (no plastic disk represented).
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Unfortunately, I have a bunch of Jexree Minis in every color. I bought them to be gifts, but the mode switching issues ruined that idea. I think I like the idea of just using the qtc to control output. All I really need in a light like this is moonlight and high. I don't mind if the qtc induces some resistance and limits high a little. I don't think I will use high all that often.