I used my duo as a back up scuba light for a while, took it to 20-25M, switched it on a few times at that depth without any water ingress. The seals around the switches will probably wear and leak eventually, but cleaning the threads for the front really well and greasing it should mean there is no leakage in normal use, even if there is some dunkage.
Getting moisture collecting most times in front of your LED could be due to some moisture being in there already and it is just condensing on the front plastic. I'd consider opening it and putting it in the airing cupboard for a couple of days, then cleaning, greasing the threads. Or put a small sachet of dessicant in.