I asume your batteries are charged to 4.2 volts. The next thing to do would be to check the voltage at the led while it was lit up. It could just be voltage sag only allowing the led to draw the 3.3 amps.
there is some great info in this thread about DMM resistance…https://budgetlightforum.com/t/-/4405
I believe it is the resistance in your meter leads preventing the XM-L’s from reaching their full potential.
Probably in this case it’s not the ammeter, as it measured another light at 5A without issue.
Thermal sag is what I’m thinking. Probably running hot and Vf changes.
Still, this discussion had me thinking about ammeter resistance. I have to start trying out inductive ammeter. (I have one, never used it due to lesser precision on it.)
The reason I tested the emitter connected directly to the cell was because of the problem’s I’m having in increasing the current by adding 7135 chip’s to a Qlite driver.
I added four 7135’s yesterday and I’ve had a fair bit of practice now so I can get them soldered on easily. All the soldered joints look neat, I’ve checked the continuity and made sure I haven’t applied too much heat yet despite this the current increase is much lower than expected, very frustrating when you’ve taken your time.