I have PC20 and its diameter is 22.5 mm: a 17670 fits snugly but it does fit fine. I have just charged it and have been using it tonight no problem.
The BC20 has a dimater of 23 mm so a 17670 should fit even better.
The PC20 manual does not endorse the 17670 and it only mentions 2xCR123 (RCR123) batteries.
I've checked the corporate and USA JetBeam websites and there's no manual for the PC20.
If you check
this thread, you'll see at post #4 that they could use BC20 S2 with a 17670 without issues or loss in brightness.
If it worked fine with the S2 it should work fine with R5 too.
Update: I also found a
German forum where they confirm that they use the BC20 with a 17670 no problem. :thumbsup:
Hope it helps.