I agree with atobe, the resistance would be more like 1.2 ohms or less, not 1.2 megaohm

Mystery solved. Its the tint ramping. with factory default, current at max level is 1.77A on my meter on either end of tint ramping. So with either just 4 WW leds, or 4 NW leds, I get 1.77A, which is what I would expect for 5 7135 chips each drawing their max current. But at the default mixing, I get 2.1A (this go around). I’m guessing there are small peaks and valleys of current draw throughout the tint mixing scheme.

Moral of the story, if you want max runtime, choose full WW or NW, else just enjoy your lantern.

As far as run time tests go, one also needs to specify the setting of the tint, which realistically can only be all WW, all NW, or default tint mixing.