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Black Diamond Spot vs Fenix HM50R
The Black Diamond Spot 200 hasn't managed to get enough recognition from sources that do high-quality hands-on testing and therefore didn't make it into any relevant roundups. That, by itself, makes it difficult to recommend.
As for the Fenix HM50R - it wasn't considered to be a good enough purchase to earn a spot in any roundups conducted by sources that perform objective hands-on testing, which typically indicates that a product isn't worth its asking price.
As a last step, we wanted to do a head-to-head Black Diamond Spot 200 vs. Fenix HM50R comparison of their review performance but, unfortunately, weren't able to find any review ratings on either product.