Looks as though it is the IQ-X. I tried putting a meter on the dynamo, and it's producing power just fine. Then I connected the rear light directly to the spinning dynamo, and the former leapt to life. So that's the wiring OK as well then.
Sounds as though an Edelux is the best replacement? What I really want is a bright, simple light, a decent switch, and as little extraneous circuitry as possible to go wrong, so ideally not daylight sensing and the like. If I want it on, I'll switch it on.