I like having a very powerful high setting but I agree that for most stuff a few lumens (or less) will suffice. My personal preference is for two settings, no more- one "burner" of a HIGH setting and a very LOW one. Having a zillion settings and modes just makes it exasperating to get to any specific one of them.
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“I'd rather have questions that cannot be answered than answers that can't be questioned.” —Richard Feynman