I'm using an Airbike 900 lumen, and like it a lot. Seems to have pretty good run time as well, much better than most of the flashlights.
It's a bit over your price list (around $215) from Geomangear), but it seems excellent for the money compared to the name brand competition (600 - 800 lumen LED).
Round beam, with a bright central spot and very reasonable side illumination.

The MagicShine gets good reviews at the price as well: IIRC it does not have as good a battery life as some others. Still better IIRC than similar-powered flashlights.

I've also bought a 900 lumen flashlight ($80 without batteries / charger, 100 with), that i will use for backup if possible, and also for night hikes. This is from hkequipment on ebay, price includes shipping from Hong Kong.
I bought a red LED 230 lumen flashlight from them, and I think it took 10 days or so. That light is really bright on the bike, friends say they can see me easily hundreds of yards away: almost obliterates the blinky I have on for backup