Olympus introduced high shutter speed flash over 20 years ago, and it has always been true that prolonging the output of light from the flash decreases its intensity.
Think of flash capacitor as a bucket of water. If you dump all the water instantaneously, the water has a lot of force. If you prolong the output of water simply by letting the water out a spigot rather then upending the bucket, the water lasts longer but has much less force.

