Re LL 7736.
Is this the light?
I have one of their 1.25W (3xAAA) tactical lights (model 7736) and I have been very pleased with it so far. It hasn't seen much use yet so I can't speak to its long-term reliability. To me it seems fairly well-made.
I checked ledlenserusa and found a 7736D listed now with 5 white LEDs. Also 3*AAA.
3AAA lights are much frowned upon in CPF because the batteries have enough voltage to direct drive the LEDs so the manufacturer can skimp on a driver and make the torch cheaper.
This direct drive means the output is constantly dropping as alkaline or carbon zinc batteries wear down. Even when used with NiMH with their relatively flat output the lack of proper heatsinking often result in a runtime graph that looks like this.
In the quote I found cbdudley mentioned his LL7736 is 1.25W.
DX sells the Aurora SH40 which was measured at 5A and 3.6V into the SST-50 LED. 5A*3.6V = 18W or 14X the power.
While a LL 7736 is much brighter than a 2AA/2D plastic incan at the discount stores, it is nowhere near the the brightest around.
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Back to LED Lenser in general.
LED Lenser is a mass market torch seller like Maglite, Energizer, Duracell etc.
You don't see Maglite, Energizer, Duracell sell many CR123A torches either.
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Maglites are terribly expensive down under where the OP lives.
Those 2AA/2D plastic torches are considered 'crap'.
So torch sellers push LED Lenser as the greatest.
LED lensers don't sell in the USA where there are a lot more quality torches around - Surefire, Streamlight, Underwater Kinetics, Pelican, Maglites at reasonable prices and I have not gotten to the quality Chinese/Chinese American brands yet - Fenix, 4sevens, Olight, Lumapower, Eagletac, Wolf-eyes, Zebralight, Dereelight, MG, ITP, Romisen, Aurora etc.
Against that kind of competition LED Lenser just can't make it.