Hey there cobra! I've had mine for about 6 weeks and it's been a great all around performer. Our Jack Russel likes to go outside often, so I accompany her at night because the coyotes come out after dusk. This Mag sees at least 20 minutes of use every night. I really like the beam profile: a big fat hotspot and good spill. For comparison, its beam technically does not reach out quite as far as the very throw-y 2 or 3D LED Mag (which have a very deep reflector that produces a super tight hotspot). However, the ML125 is brighter overall and will illuminate more of a given downrange area with close to the same apparent intensity as its bigger D-size cousins. Basically, it puts out a well-balanced beam that is pleasant in real world use. Furthermore, the light's UI is customizable and the switch is slick as anything. I keep mine on function set 3: Momentary, High, Low. I hope Mag incorporates a function set that starts with Low-momentary in the future. I'd also like to see a similar UI adapted for the XL series lights too.
To answer your original question: if you have rechargeable D-cells you may be better served by the 2D or 3D Maglites (the ones with Cree XP-E emitters). As for drop-ins meant for incandescent D-size Maglites, Gene Malkoff's company (MalkoffDevices) sells a quality, made-in-America drop-in that is a great performer (its cost is in between that of a new 2/3D LED Mag and the ML125). Personally, the ML125 is the one that suited my requirement for a flexible outdoor flashlight with a long runtime. The fact that I could use the ML125 with 3 alkaline C cells or some AA's rolled up in cardboard in an emergency is reassuring.