In underwater video camera gear, a 1000 lumen lighting system will cost around 1000$ (battery, cable, bulb,)
In tactical guns, a 4100 lumen miniature torch will cost around 300$.
http://www.wickedlasers.com/lasers/The_Torch-74-41.html
I even saw 35$ for 900 lumens.
http://www.dealextreme.com/details.dx/sku.19767
Despite the fact that it must be modified to go at 90 feet underwater (thicker glass, sealer, grease, etc.) I only see advantages.
The color of the light (K) is probably not as precise as diving gears.
Is there something I did not think about?