A portable LED light has a series of different LED heads, with different light characteristics, for connection to a lighting device body that includes a battery and LED driver electronics. Each of the different light heads can have specific light color temperatures, maximum intensities and other features. A heat sink with cooling fins dissipates heat from the LEDs, and a fan can be included, either on the housing or on a light head. An alternative light head can be for underwater use, with the internal LEDs and electronics of the light head, as well as the body, being water sealed. Cooling of the underwater form of light is by direct contact of a heat sink with surrounding water.