Paul & Alain,
Thanks for the information.  Now I don't feel like I've lost all my marbles.
Chris,
The photo does show a pretty substantial difference in the light emitted by the two LEDs.    I wonder if Victorinox offers a variation of the Huntsman Lite with all of the same features except for the LED.  I haven't found one like that yet.  I think my ideal  SAK would be the Huntsman Lite with the a file substituted for the LED.  We'll see if they ever approximate it.
Thanks,
John