Enderman
(Enderman)
22
The only possibility where having a large LED and small collar would be an issue is if the LED is so large that part of the lens can’t see a portion of the die due to the collar opening.

The red lines won’t be able to reach the lens, making the outer portions of the lens far less effective.
I don’t think this will happen with a CFT90, small collar, and A037 lens but I can double check if OP wants me to.