The only drawback I've experienced is that when the batteries go, they go quick (within an hour), but the still give off some light for quite some time after that (imagine a cube root function curve (for shape only!)). Perhaps this is a property of all LED headlamps though, as my experience is not terribly broad yet.
The light intensity curve over time is a function of the LEDs, the electronic circuitry, and the battery type. It can get complicated...
Batteries:
* Alkaline batteries have a tapering voltage as they discharge. Lithium primary (non-rechargable) and NiMH cells have rectangular discharge curves (the voltage stays pretty constant until near the end).
Electronic circuitry:
* All LED lights include some electronic circuitry, if only to limit the maximum current. (LEDs are subject to thermal runaway if fed from a constant voltage source such as a battery.)
* Multi-intensity lights use pulse-duty circuits to reduce the intensity. (The current is switched on and off rapidly--50% on time gives 1/2 intensity, 25% 1/4 intensity, etc.)
* There may be a (voltage) boost circuit to increase the voltage of dying batteries. A boost circuit is required in 1 or 2 cell lights because a higher voltage is required to operate the LED--lights with 3 or more cells may or may not have a boost circuit.
* Some lights include regulators. Regulators compensate for a decaying battery voltage to keep the intensity constant until the voltage drops below some limit. As the voltage drops, they must draw more current to compensate (constant power).
* Power limiting: High-power LEDs can be damaged by overheating so there is a temperature sensor and the average current (power) is reduced when they get near their maximum operating temperatures.
LEDs
* White LEDs require at least ~3.3 V to operate and the current (and brightness) will increase rapidly as the voltage is increased. The control circuitry controls the current rather than the voltage due to this near constant voltage load characteristic.
* LEDs, unlike incandescent bulbs, will produce a small amount of light at very low currents. Thus an LED light can still be useful (but dim...) with near dead batteries.
* The color of the light does not change with intensity--thus, unlike incandescent lights, a change in color cannot be used to indicate weakening batteries.
* High power LEDs are less efficient than low power LEDs. This is why many low to medium power flood beam lights use multiple small LEDs.
For the entire system, the light vs time curve depends on the details and how they work together.
* Lithium and NiMH powered lights will tend to stay at constant intensity for a period of time and then drop off fairly quickly due to the rectangular discharge curve of the batteries.
* Alkaline powered lights with regulators will keep the intensity fairly constant until a certain point. If the light includes a boost circuit, the light is likely to drop quickly. If there is no boost circuit the light is likely to drop off slowly. (At least one light (PT Apex) is programmed to drop to a lower intensity earlier to keep the boost regulator from discharging the batteries too quickly.)
* Alkaline powered lights without regulators will have the light level decrease continuously over time as the battery voltage droops.
* Some higher powered lights will start out very bright but then dim down somewhat as they heat up and the power limiting circuit kicks in. The intensity will recover if the light is allowed to cool down.
* All LED lights will continue to put out some light even with very weak batteries.
To increase the battery lifetime, reduce the intensity of your light and use flood modes (they usually consume less power than spot modes). 20 lumens of flood beam light is quite sufficient for following a well marked trail. Only use the higher intensities when you really need them. (100+ lumens on 3 AAA cells guarantees a short realistic battery lifetime.)
Note: The manufacturer's duration specs are rediculous... They declare the end of useable duration to be when the intensity at 2 meters is similar to that of moonlight (no matter what the initial intensity). IMO, this is barely sufficient for searching in your pack for your backup batteries or headlamp. A
much more useful rating would be how long it takes for the light to drop to 50% of its initial intensity. (But that would be a much smaller number...)
FWIW, I estimate the lifetime by measuring the current at each intensity and dividing it into the cell capacity (~800mAh for AAA and ~2500mAh for AA). This is a conservative estimate which is more accurate for NiMH and lithium due to their rectangular discharge curves. It underestimates the lifetime for alkaline cells because it does not take the continuous voltage reduction over time into account.
Doug