With speedlites, Einstein, or other IGBT controlled lights, the lower the power, the shorter the flash duration.
Some older mono lights and some pack and head systems use capacitor switching to lower flash output by removing some of the capacity for stored energy. This will result in lower flash durations, but also less finite control over output.
Alien Bees, and White Lightning, as well as most other monolights, use voltage regulation to determine power. When voltage regulation is used, flash durations get longer as power decreases.
Some lights, like the WLX1600 and WLX3200, and our Zeus packs can utilize capacitor switching and voltage control for power reduction.
Capacitor switching and properly implemented IGBT (Einstein) will also maintain color consistency from one power level to the next.
Voltage control (and to some degree, other-than-properly-implemented IGBT) will alter color as power is adjusted. Voltage controlled lights will shift down +/- 80K per stop. This applies to our lights, as well as the "high end" european lights, despite thier claims. IGBT will shift up as power is decreased, unless steps are taken to prevent this.
Lots of info about all of this here:
http://www.paulcbuff.com/sfe.php