I don't like the searchlight signals. Yes, they are positioned where the crews can see them; however they are sometimes hard to see with the sun in your eyes. I much rather prefer the newer signals (with 3 individual lights). That way even with the sun in your eyes you can determine the aspect. I work on the line that runs west to east and deal with this all the time. I can't tell you how many times (while running on yellow) we stopped in front of the signal with the sun in our eyes and asked the dispatcher if we had the lineup.
Many European railroads have switched to LED type of singles for better visibility. For US railroads it would take probably another 1000 head-on collisions (signal visibility related) to consider such technology, but in the end it will be turned down due to high cost of replacement....