The Hound Dog is not a 1x18650 light, though. You can use 2xCR123, but you cannot use a single 18650...the voltage is too low to work with that driver.
As far as I know, there is no driver for the MT-G2 that can work with only one 18650. It makes a lot more sense to use that emitter in larger/multi-cell lights, in any case.
The Predator Pro from Armytek does not have the peak brightness of many 1x18650 lights - 670 lumens max. But it has better regulation than almost anything else on the market, and it can sustain that output essentially until the battery dies with no stepdown. It is also one of, if not THE best throwers, for the size.
It is also built like a tank. If you haven't ever handled one, it is hard to describe...but I have a Surefire P2X Fury, and the Predator makes it feel kind of cheap by comparison.