You may well be right there Northwind, but I have found that unless you're dealing with stupidly high outputs, you have a choice between flood/no distance or spot/distance lighting. Particulalry where LEDs are concerned.
There's a lot of talk about output lumens, but how they're focussed is at least as important to me. My bars lights have a 12 degree lens and my helmet lights a 3 degree lens, which translates to a nice broad pool of light to about 30 foot away, with a bright spot wherever I'm looking up to about 40 yards away.
I do miss the days of 6 watts of light output and requirement to 'feel' your way down a descent (and the avoidance of any kind of dazzlement lest it muck up your night vision!). Well, I say I do, but you won't find me trying to repeat the experience anytime soon……
Ben