This says nothing of light output. If you want light, and most of kerosene's output is heat, your energy calculation is not helpful.
> and having 10KG weights dangling around at variable points between ceiling and floor sounds if anything even more of a liability than a lamp with a naked flame
This seems like an incredibly contrived "problem". What's the liability? Somebody may bump into a somewhat heavy object that is moving downwards at a barely perceptible clip? Somebody may tweak their back lifting the weight? That seems lower risk than my housing burning down with me in it.
I genuinely don't think the hazards are at all contrived, and range from the grave if unlikely to the mild but virtually certain. You are surely going to knock your head on this massive hovering, albeit reasonably well lit, object on a regular basis, and it might not be as soft and rounded as the illustration. On the floor, in dark mode, you'll be tripping over it, which doesn't always end comically. Reasonable precautions not withstanding it's not impossible that it could crush or smother something beneath it even at its snail's pace, but more likely it could come down hard through overloading, wear or misuse. It's really not something I'd want in a family home.
It is a nice idea and obviously of the very best intentions but I'm afraid it's simply misguided and efforts would be far better directed towards battery plus solar. Sorry.
Solar plus battery might be better than this, but this looks like a whole lot better than a kerosene lamp.
[1] http://www.thelampworks.com/lw_lamp_accidents.htm
[2] http://www.chicoer.com/20120322/kerosene-lamp-may-have-cause...
A kerosene lamp has an efficiency of 0.1-1 lumens/watt, while a white LED has anything around 80-100 lumens/watt.
Fire stays where it's put? No. The problems with flames involve toxic gasses poisoning people and the occasional building on fire. That's really not consistent with the idea that "flame stays where its put"
This is some LEDs, a weight, some gears and an alternator. Is a solar panel and a battery going to come anywhere close in price?