I would agree with the Maglite 2C running 3 CR 123's and a KPR 112 bulb. $14.95 for Mag 2C (how much I paid), a homemade 3X CR123 to 2C battery holder (PVC pipe and two fat rubberbands from Home Depot) $4, a KPR 112 bulb, $1.25.
For around $20 you got you're self a cheap and bright flashlight (I would say (ok guess) around 175 or so if my Tigerlight is 285.) You are driving the KPR112 really hard so get a few....dozen extra if you use it a lot.
The top two are Mag 2C running a KPR 112 with 3 X CR123's. The left one is a Orange Peel'd Perfect Mag Reflector, the right is the stock reflector. (You lose some throw with a OP PMR over stock, but it makes the beam a heck of a lot nicer.)
The bottom left is a SF E2e which doesn't throw as much as the Mag 2C but has the SF perfect beam and now runs for $95 new.
The bottom left is a Tigerlight.