All lights using an 18650 will be the size of a light using two CR123s. The best way to make a light compact, is to use a twisty head instead of a tailcap switch. However, I'm not aware of any really bright 2 X CR123 or 1 X 18650 lights like that. Therefore, your light will have to be roughly the same size as all the 2 x CR123 lights. If you want compact, you may find one without a wide head though.
A light running one LiIon battery is very capable of driving an LED at the practical maximum of 1000mA. So you should look for a light using a Cree XR-E Q5 bin making around 230 lumens. I know they're out there, but I don't have the time to do the looking for you.
If anyone knows of a twisty light like a Fenix P1 with a longer body for an 18650, I would be interested too.
Bernie