I had three cyclists coming the other way at different times during my drive home this evening, all on unlit roads with 60mph limits.When you have decent lights, the hiviz becomes pointless. Useless in fact.
The first one had a helmet light as well as the light on his bars, but I could still easily see the reflectives he was wearing. His head light was mounted very high so there was a huge separation between that and the one on his bars, and the geography there (he was bottoming out on a hill) could have easily had me thinking it was two bikes some distance apart. However, the point for the purposes of this thread is that I could easily see the reflectives on his hi-viz jacket, even though he had two fairly powerful lights and they made it much easier to gauge his distance and speed than the lights alone.
The second cyclist, with just a single fairly powerful front light, could have been a mile or a hundred yards away without the reflectives. His light was so bright that it was difficult to look at it but, because I could see the H-pattern above the light, it was very easy to identify it as a cyclist and to judge his distance
The third cyclist just had the single front mounted light.
Wearing hi-viz and reflectives is a long way from pointless, even with decent lights. Maybe, from my experience with the second one, I'd even say that bright lights make decent reflectives even more important at night.