Originally Posted by
bmorey
I've run a similar setup. The luminous efficacy of an MR16 is 12 to 15 lumens/watt. That makes an MR16 300 lumens max.
You are off by a factor of over 2 in the efficiency of the MR16. At nominal voltage (12V), an MR16 puts out around 40 lumens/W. At 20% overvoltage, it puts out up to 70 lm/W. Follow acroy's link.