So here is my thing that I have verified through testing.
I had an SC52. I have Malkoff AA lights.
The SC52 no doubt puts out more lumens. However, even at its highest level (500ish lumens) it still isn't as effective as the 90 coming out of my Malkoff 1AA. Then it will regulate down and only run half as long anyway.
Any of the middle range levels weren't as useful as the low or high on the Malkoff. The 8 lumens coming out of the Malkoff was more effective than 200 coming out of the zebra. Then again, it will regulate down and not run as long.
The zebra will undoubtedly run longer. How useful the output actually is, well it is up to debate.
This isn't a zebra slug fest. I really like them. I only use ether headlamps though. The flashlights for me just weren't that incredible.
My guess would be that a Peak AA may outrun a Zebra. I haven't tested it. But there isn't much to get in the way and sap power.
I don't know what the most efficient one is, nor which one manages what it puts out best. But I was disappointed in the level of performance of the SC52 and sold it. I wanted to like it, and it had a nice small form factor. But for my uses it didn't perform that well.