I have a hunch about that: cycling the driver on and off probably takes a lot of power relative to keeping the LED illuminated.

I recall many years ago reading a comment from Gransee (in a discussion at CPF) who originated the Arc AAA lights — saying that once the light dropped into moon mode due to low battery, you’d get more light for longer by leaving it turned on than by turning it on and off at need, because powering up the driver sucked significant battery power each time you turned the light from off to on.

I have been wondering how the V2 model differs from the V1 — anybody know?
Both old and new models are for sale witha few dollars difference.

If the newer driver is better, for modding, it’d be worth paying more.
If it’s a different LED, which I”d expect to swap out anyhow, not so much.