Actually, on checking, I have the 174QDi model for bottle dynamos. not the 'N'. Standlight but no sensor or switch. Hence no permanent cabling I guess.
Do you have a hub or bottle dynamo?
[Edit - opps, looks like you just answered my question!]
I was in Warlands [good shop that] in Oxford today and was chatting to the owner about the IQ fly. I'd heard there was a hub version and a bottle version of the light after I bought mine [just by accident I have the hub light], and seeing them hang up in the shop was enquiring about the difference between the two. He was told by Ambra Marketing [who import B&M gear] that it's important not to use a bottle light with a hub dynamo, as the electronics are slightly different and can lead to damage.
Having said that, I've used my hub light on an old Union bottle and it worked ok.
Search me.
I know that's not your issue, but I offer it here anyway