I have the TR-001 and it is a very good charger, cells coming off at 4.15v which is good. There are many reports in the forum about the UF139 overcharging cells and shortening their life which is why I went for the TF charger.
I have owned a couple of Ultrafire 138's, a 16340 only version of the 139, and found there was a big difference between end of charge voltage on each unit. I got rid of the higher voltage charger. Maybe this is typical of the Ultrafire units.
On the Dealextreme website, it is reported that to charge 16340/CR123 size cells on the Ultrafire, you have to bridge the gap with a paperclip(!). No problem with the Trustfire though.