The letters L, M and H don't stand for Low, Medium and High with respect to the machine's power or performance - the suction power/airflow etc. is exactly the same for all three versions. Instead - the letters relate to how hazardous the dust is which they're collecting = 'L'ow hazard, 'M'edium hazard and 'H'igh hazard.
L-Class (CTL26) = the standard Festool extractor with a filter bag (traps almost all of the dust) plus an additional Hepa filter located in front of the turbine (traps the ultra-fine dust which makes it through the pores of the filter bag). This is the version used by the great majority of woodworkers.
M-Class (CTM26) = identical to L-Class in every respect, but with the addition of an audible alarm which alerts the operator to either a clogged filter, or some other factor which has reduced the airflow rate (= blocked tool extractor port, blocked hose, fat guy standing on your hose etc.). Mandatory on UK construction sites, and also potentially very useful for those woodworkers who habitually forget to check if their bag's full to bursting point.
H-Class (CTH26) = identical to M-Class, but with a significantly upgraded filtration system designed for removal of hazardous dusts including silica, asbestos and anything else which is dangerously harmful to health. H-Class vacuums are also typically used by workers such as chimney sweeps whose job involves removing tiny carbon and soot particles which absolutely must NOT be exhausted into a customer’s beautiful clean home !!
Additionally - the 'L' and 'M' versions are also available with an 'AC' option (CTL/CTM 26AC, or the larger and more popular CTL/CTM 36AC). This version is designed for applications such as drywall (plasterboard) sanding which generates large volumes of fine mineral/gypsum dust which will clog filter bags very quickly. These 'AC' machines are used without a filter bag, and the extracted dust is loaded directly onto the filter in front of the turbine. The 'AC' (= 'Autoclean') system periodically cleans this filter using aggressive mechanical vibration which causes the accumulated dust to be regularly 'banged' out of the filter. In use - it sounds like there's a little guy inside the machine repeatedly hitting a wooden block with a hammer.
All of the above versions of the CT26 use an identical motor/turbine - the only differences between versions relate to the level of filtration, plus the addition of an alarm in the 'M/H' versions and the automatic filter cleaning in the 'AC' versions.
I hope that clarifies things for you. Welcome to the FOG !!