The NL is more powerful, more efficient and burns far longer. It's also bigger, and it doesn't sit as nicely on your helmet with its own battery, it's bulky on a headband and their battery prices are high from NZ. If you're a fiddler you can get the batteries in the US, but it's a hassle. I had to do the soldering work for all the ones we got.
(EDIT- see posting #12- they now have a US distributor with much better battery prices- $329 for light + battery)
Here's another option worth looking into for an all-in solution:
http://cncdelite.com/
Same power and brain as the NL, smaller head, better battery prices, fantastic charger, excellent reputation for quality. Many battery options, custom builds. No headband that I can see though.