The secrets are the correctly designed heatsink fins and that is uses an HID bulb which projects a lot of its heat out the front. These HID bulbs also tolerate heat better than LEDs.

The heatsink fins of most led lights are very ineffective because they are spaced too close together and not deep enough. Often times the fins are also next to the reflector. They need to be close the connection point of the LED to the housing though. This is only possible when the LED is not mounted too close to the part of the light that the users hand grips.

A 70W LED would be interesting in this host. It's designed more effectively than 99.9% of all large LED lights. For optimum use with an LED the reflector would need to be shortened and the head below the reflector would need to be solid aluminium or copper.

BTW: comparing the wheight if these lights only makes sense if you subtract the wheight of the battery packs. The battery cells and electronics can wheigh different amounts, but they don't dissipate any heat (only the metal housing).