I highly recommend the M600V, and if you have a suppressor, the TREX suppressor mount (actually made by Arisaka).
To answer your specific question, I think 150 yards is pushing it. The LED IR lights are basically for close range, where the laser illuminators are too intense and too tightly focused to work. 100 yards is about where you're losing your LED and the laser illuminator is starting to take over.
A MAWL is far from your only option, though. I've definitely heard good things, but I've not used one personally. I know a lot of what people like about them is the ergonomics. In any case, there are definitely alternatives.
For my money, I want full power lasers no matter what. I haven't used any commercial laser aimers, but I had the first generation of what became the PEQ, and they were originally low power only. I've also used my PEQ at low power, which I think gives me a pretty good idea of what it's like.
There is one commercial laser that people say is useful at longer ranges, but I can't remember which one. I'm sure someone will chime in with the answer though. If I remember right, they're about 1200 dollars.
For full power, the most common is the PEQ15A. There's a pretty steady supply that trickles down through the smaller dealers. Contrary to popular belief, they're not stolen, and they're not illegal to own. I'm sure some have been liberated in the past, but you can say the same thing for lots of stuff. The ones I've seen that were proven to be stolen were all beat up, though, so you wouldn't want them anyways. Going rate for the new manufacture from a dealer is 2k-2,500, and that's brand new, full kit.
Full power Steiners are also often available from the same dealers. I've never used a Steiner, but people seem to prefer the PEQ.
The last option is Wilcox. They will sell a full power laser to anyone with a military ID, so if you have one, or have a buddy who does, you can order one directly from them. I think they start at like 3,500, so basically the same price as a MAWL. I have never heard anything about them good or bad, so they seem to be rare in the wild. If I were going to pay upwards of 3k for a laser, though, I would make good and sure it was at least full power.
My 600V:
https://i.imgur.com/mG8hK9v.jpg?1
Absolutely love that setup. It's also really nice being able to turn the light to the off position when stowing it in the bag, so that the pressure pad doesn't get activated and run down the batteries. Much more convenient than unplugging the switch every time.
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