Thats pretty much what I'm running - LEDs optomized by internal projector lenses with a beam spread fine-tuned by a frontal lens. Not primarily intended for bikes, but IMO does the job better than anything on rhe market specifically for bikes. The beam shot of what I'm running with, in another thread on this page, is very similar to your projector coverage shot. Vertical coverage is limited to 15 degrees; horizontal coverage is 45 degrees.