Fluke meters certainly aren't cheap, but I note in your post you quote the amps draw suggesting you're using your fluke to measure amps not watts - my point being you can't do use amps*volts to give watts for a.c. electronic aplliances - you need a meter that simultaneously measures amps and volts and factors in the phase difference. I still think if you 10W LED is pulling 50W then it will let out the magic smoke within a few minutes.
I think you may struggle to to find much electronics these days that isn't made in china, but there's good chinese stuff and rubbish chinese stuff out there.
I got my LED's from a local electrical factor - certainly if your supply is as bad as you say then you would be better off finding ones that are rated 90-264v even if you pay extra for them.
I have to say that the UK electric suppliers are supposed to supply 230V +10% -6% (at the meter) - I thought it was a legal requirement, end of the line or no - certainly if the voltage is too high they will send someone to check very quickly; so if it's dropping to 210V or below you might want to ask them to check their connections.
good point in the first paragraph thats what I was doing, any way upon reassembly I noted that the lamp is of Polish origin, as for the magic smoke , the paint peeled off first . Looks like I will have to find some " good Chinese" lights
As for the supply , the line has been upgraded twice in 20 years the last time the entire 8 miles of 11Kv line was replaced, pole transformer as well , they buried the final half mile to the croft and everything was hunky dory for five years,then 2 new houses added to the spur, we had sold the old petter genny as the power cuts had stopped but ended up with a 17kva pto alternator as back up , bleeding switchgear cost almost as much again . We are enjoying 215v at the moment but if some one up the line has a shower we'll go brown again .
Our Hydro tech is a good sort and has done his best , we have learnt to adapt ( now don't get me started with the VLF from the submarine communications base )