I've not played much with the new S3 Lustrs, but had a rig full of the S2 Lustrs at my last job.
Really really good. Very flat beam and able to focus very sharp. The gate diffusers are good at controlling chromatic abberation on gobos. White at 3200K is probably closer to a 575W HPL than a 750W, but white at 5000K is much brighter than a 750W HPL S4 with CTB gel in. The only time I felt I needed more punch was on the FOH units in the big concert hall (30m + throw), but I think I would have had the same issue with a 750W HPL, and using fixed lenses rather than zooms would probably have been a big help too (it really needed 10deg rather than 15-30s, and in theory fixed angle lenses are more optically efficient).
I've not played much with the white S4s, but be aware that they don't respond to gel colours in the same way that a HPL lamp would.