I have a 3-12 LRTS and a friend has the 4.5-18 LRHS. They are good scopes, but I think they get overhyped because of their closeout pricing. I think guys should remember that the reason these were closed out is likely because they weren't doing so well in the market.
Look at the new LRHS2. My understanding is that the LRHS2 was a special/limited run that started about a year ago, and they are still available. Unless someone knows that they sold like hot cakes and additional 'special' runs were made, it's probably a good indication of the true popularity, and that would be underscored by the understanding that the 4.5-18 was the more popular version of the original models.
My 3-12 is good, but it's good in the context of the almost 50% off retail that I bought it for. I will likely replace it at some point down the line.
I have a slightly different take on this ...
It's likely true that people got excited about how much performance you got for the closeout prices; I did, and wish I'd bought a couple more in retrospect.
However, the good reputation (rather than 'overhype') of the scopes existed well before that with the hardcore backcountry hunting crew - primarily because they worked - repeatable dialling, RTZ, zero retention, and functional reticle. We just don't see that in many other scopes in this mag range and form factor.
As for GAP only doing the new run on the big brother, who knows the full story? But if they just went with that one because it sold more the first time, I think that was a mistake.
It takes a while for quality to really be recognised sometimes. Had the 3-12 stayed in the line-up, there's a chance it's reputation might have slowly spread over time ... it could have been a contender.
On the other hand, with the 4.5-16 having sold many the first time, there's a chance that market might be a bit more saturated. That, and the fact that there's a bunch of other 3-15/4-16 offerings that, when put to the test, don't work as well as the LRHS/LRTS lines, but consumers don't know that, focussing more on marketing and 'features'.