JohnnyMac and others -
My bad for not spelling out my protocol. (or lack thereof)
When I started the test I simply turned on the light, reached over and picked up my thermometer (not in a particular hurry) and took the initial reading of 96° at 10:48 am.  I had been holding/fooling around with the light prior to this and room temperature was probably in the mid 70s.  So, however hot it was before I turned it and however hot it got during the few seconds or so it took for me to retrieve the thermometer and aim it at the hottest spot on the host I could find . . . all of that took perhaps few seconds and may account for the 96° starting temperature.
I took all of the readings with no particular schedule in mind.  Here they are, starting at 10:48 am, on the morning of April 8, 2012:
10:48  96°
10:50  116°
10:51  132°
10:52  146°
10:53  156°
10:54  170°
10:55  176°
10:57  183°
10:59  196°
11:00  200°
It was very unscientific.  I took each reading, using the hottest temerature I could find on the light.  I appologize if using "10:48" suggest it took over 10 minutes to reach 96°.  That is merely how hot it was after me holding it, turning it on and off a few times, etc.
About the drop-in I used.
I've been inclined in the past to defend my $40 Extech MN36 DMM.  While I make no claims for its accuracy, E1320 has sent me several lights, telling me beforehand how many amps they pulled on his Fluke.  I then test the same light, using the same brand/type battery and other times using another battery and without exception, my reading is within .10 or so of what he got.
Most of my UF XM-Ls from Manafont pull between 3.5 and 3.75 amps on high with a protected Solarforce 18650/2400 using an L2 or L2P.  I have this one drop-in however, that has always pulled more than any I've ever received and I chose that one specifically for this "test" for obvious reasons.  Other than curling the black donut cover into another shape, the drop-in seems no worse for the wear.  It still pulls 4 amps and it still blows the doors off every other drop-in I have.
There has been some speculation about using a high power module in this partially plastic host.  This "test" merely proves that a P1 will not go liquid, even at stupid high levels of current.  It also shows that (one of) the design goal of isolating heat away from the user's hand may have been met.
I didn't mean to mislead and I don't make any claims other than what I have demonstrated.  I simply turned the light on and 12 minutes later it was 200°.  I appologize for not describing my actions more accurately.
 
justageorgiaboyalongwayfromhomeFoy