The G7 is a single element with a longer focal length designed to bridge the gap between the 3 element and the single element short focal length G2.
The G2 has a 2.39mm rear FL and is the most efficient but also produces the widest spot at distance. Note: The DTR G2 is the real one, all the rest fall short and are not as good so far as I have tested, but podo's is my second favorite, but new copies are coming out all the time yet none seem to get as close and close is desired for cutting and pre shaping optics as well as clean. DTR's G2 is by far the cleanest output. But new stuff is coming out all the time. Again it depends on your task, but DTR's G2 is the highest quality and it shows.
The 3 element makes a tighter spot at distance, less than 1/2 the width of the G2 but loses 30% of the diodes power, some in edge clipping and some parasitic.
The G7 is a single element with a longer FL that makes a spot width similar to the 3 element with less waste. There is more than 1 variation of lens holder. Below are pics of 2 G7's in different lens holders.
This explanation could be a lot longer but that's the basics, search and read about it. There are pros and cons to all, it depends on what you want to do.