This is why it is so important that CPFers stop recommending lights that only fit CR123 size cells to people who may have an interest in going to a rechargeable format. There are no good rechargeable alternatives in CR123 size that can compete with their primary cell cousins. People are constantly pushing people to by lights like the P3D, which is a good light, but it's efficiency really is a moot point when the user desires a rechargeable solution. Next time someone requests a recommendation for a light, ask if they think they will EVER want to go rechargeable, if the answer is YES, then recommend lights that are compatible with 18650 cells, or NIMH AA.
2xAA eneloops (2.4V 2000mAH) have about 30%+ more energy than 2 RCR123s (depending on what RCR123 it is compared to, compared to LiFeP04 cells it's more like 70% more energy).
An 18650 (3.7V 2200mAH) has more than double the energy available than 2xRCR123 (actually as much as triple when compared to LiFeP04 RCR123s).