You won't find much (electrically speaking) between the 1000 and 750 as far as regulation performance on a single 123. BOth will probably be out of regulation from the getgo.
It will be bright, but not in regulation.
If you use a R123 and a BB1000 or BB750 with the correct Vf Luxeon you could hold regulation for most of the battery life of the rechargeable lithium.
Wayne