Hi Bob
I ve repaired quite a few of these
I am fairly sure I ve seen other threads where CPF members have mentioned that these will corrode if the head gets active, when turned off in salt water
This is because the pill was not anodised like the Hollis backup of which its a cheap knock off
The pill as Packy said is removed using needle nose plyers , you might need to use a shifter as well to get enough leverage as its likely the manufacturer may have used epoxy/glue to try to isolate the pill
The led is on a 20mm star, you can use something like this Xm-l plus a little smear of headsink compound underneath
http://www.fasttech.com/products/1609/10001903/1137103
If the driver needs replacing its not that easy as its a odd size
You need to mess around with a piece of $2 , 20mm plumbing copper pipe(its the joiner for 3/4 inch pipe) to make a small ring as a spacer plus and a bit of P60 pill to get this driver to fit if you don't know someone with a lathe
http://www.kaidomain.com/product/details.S010093
The link for a P60 pill
http://www.fasttech.com/products/1616/10002799/1208606-driver-pillar-for-flashlight-diy
Most important is to isolate the screw thread of pill from the thread in head using a few layers of plumbers teflon tape
Check with a voltmeter that no current is passing when the torch is off
Also a good idea to replace the o rings
When diving its preferable to use this torch as your primary as when its on its not going to corrode
Hope this info is helpful