From what I've read on the Element V-Lite replicas (E-Lites), they seem like a much better airsoft alternative. You can buy a 4-pack for $30 on ebairsoft.com right now that includes every color (red, green, blue, IR). Add shipping to that and you've got the cost of a single V-Lite in Canada.
I found both my real V-Lites for $45 CAD and they're definitely brighter and made a bit better. Since neither of those things are particularly important for airsoft I'd say go with the E-Lites.
If you want IR ones for legitimate night-vision use I'd get real ones though.
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