Boruit Headlamp Review D10 (aka. EHL0628) - King of the Budget Headlamps?

Correct, the driver has two (parallel) FETs with current limiting resistors to control the output. Driver pic and runtime charts here

PS - I swapped the MCU on mine for an attiny412 running RampingIOS. It’s a direct swap in for many/most of the D10/D25 headlamps. If anyone is interested in doing that to theirs, feel free to PM me.