The 'switching off dynamo standlights' question gave me a 'huh?' moment too when I first got my (Axa and B&M) lights. It does look like only a handful of the (mostly more expensive) lights have what I assumed was a basic feature.
But when I built my own light, I decided to leave out an off switch for the standlight too. Reading around various forums, it appears that this feature is not completely trivial to implement in the most basic standlight circuits. A simple off switch in the standlight circuit risks one forgetting to switch the standlight back on when setting off (something you wouldn't notice until the first stop).
The solution is a dual-pole switch which gangs the input switch with the standlight switch. That way, you know instantly whether light and standlight are on or off. More fancy would be three positions: Input and standlight on, input off and standlight on, all off.
I don't know how the B&M lights which do allow disabling the standlight work. I suspect they *don't* discharge the capacitor per se, as the supercaps tend to be (has anyone opened to check?) coin types like this:
http://uk.mouser.com/ProductDetail/Pana ... d0n8NmY%3d and they're not really designed for discharge rates beyond the 'mA range'. They're already being overdriven, but expecting them to discharge in a second might be too much. I suspect it just triggers a switch which disconnects the standlight, and B&M have a way of re-engaging the standlight as soon as the bike moves and current flows, via some kind of latching switch circuit.