Yes, the sanyo VTs are an unprotected "safe chemistry" type cell from makita tool pack that I added a 1mm magnet to the top of. I don't have 4 protected cells laying around right now, but I put the cells in just now and stuck 8x1mm magnets on the end and with the rubber boot removed they still fit with room to spare. About 6mm in my case.
And ya 1/2 inch was what I meant, You should be able to get your 4 cells in provided you can get creative with the tail mod, I don't think a cut down mag spring would work with 4 protected cells ( I could be wrong), but if you found a smaller spring or used a rubber boot I think it would work. If you do decide to go with a rubber boot though be careful, it the rubber is too stiff the button top/or magnet can mash the bottom of the next cell. You probably already knew this, but I though I would mention just in case.