Your strategy makes perfect sense for your situation - kids running around and playing, but I have frequently been in situations where dependable lighting was critical - especially caving and SAR where night operations were routine. I am willing to spend a lot more for lights that work reliably (and even then redundancy is a good idea). I don't worry about tint, CRI, etc - I just want something that pushes back the dark when I push on the button.

The cheapo lights available today are far better than the best available thirty years ago.