You exaggerate....it's really not that complicated. The watt/efficiency setting was added simply because this is usually what some manufacturers supply. But it's still about lumens - of amount of light being emitted. There isn't only a watt setting, without also specifying the efficiency. Check the Luminance paragraph in this page:
http://support.nextlimit.com/display/mx ... m+emitters
which is the page that explains to you what the "Luminance" setting is.
Luminance
Specifies the intensity of the light. There are several options to specify luminance, like Power & Efficacy, Lumens, Lux, Candelas and Luminance:
Power and Efficacy
This option allows you to specify how much electricity a light source consumes (Watts) and how efficiently it converts that electricity into visible light (Efficacy). The efficacy number specifies how many lumens are emitted per watt. For example, a common 40W incandescent light bulb will have a rather low efficacy of 12.6 lumens/ watt. This information is usually supplied by the bulb manufacturers. A more efficient energy saving bulb which is also rated at 40W will have an efficacy of perhaps 17.3 lumens/ watt, so for the same amount of energy consumed, it will emit more light.
The watts/efficacy way of specifying an emitter’s intensity is useful if you would like to mimic common light sources, where the manufacturer provides the watt rating and the efficacy rating. In the “Output” row you can see how many Lumens a particular watt/ efficacy setting will create.
Really, I'm not sure how this could be explained any plainer. Which part of that text did you have problems understanding?
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