How about some third generation Osram Oslon Square LEDs? From djozz’s tests, it looks like they will be the best thing for bright small and very small lights.
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The third generation Osram Oslon Square has been for sale for a few months already, but (with my admittedly narrow view on the world) I have not seen it tested or used yet. It is not a Cree led so, apart from some interest on TLF which is how it was brought to my attention (chouster mentioned it to me), I have not seen it mentioned much... let's see if that is justified.
From rs-online I bought the minimum of 5 of them (for about $2.20 each so about XP-G2 price) , in 5000K …