Basically what is the setup I need to use a stock M4 with the MN60 lamp using rechargeable to save money?
There is no configuration of rechargeable li-ion cells that will fit in an M4 that will run an MN60 properly.
You can severely overdrive it with 3 li-ion cells, or severely under-drive it with 2 li-ion cells. Both options are less than desirable...
Read the li-ion incan guide in my sig line for information on what cells fit where....
Also... I should note that a number of the points made in this thread over a year ago are false.
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Without making any modification to the body, you are going to be running 2x17670 cells. Yes, you could install a pair of 17670s in there and run an MN60, but it would be a total waste. The MN60 is about a ~10V bulb, a pair of li-ion cells will deliver ~7.4V on average. The "225" lumen rating from surefire drops to ~90 lumen if you power it on a pair of 17670s. An MN15 would outperform it in every way.
I understand you have MN60s you want to use. Please accept that your best course of action is to sell your MN60 bulbs and use the funds to by bulbs that are suitable for a pair of 17670s. An MN15, MN16, HO-M3T, or EO-M3T are all great options that can work on a pair of 17670s. I personally recommend the HO-M3T as the best balance of output and runtime and cell cycle life on a pair of 17670s for your setup.
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Ok... there is one other option, but it is a totally stupid waste IMO...
You could run 3 AW protected RCR123s in there with a CR123 dummy cell with the MN60. The lamp would be overdriven on fresh cells, and would dim rapidly with a runtime of ~15-20 minutes, the cells would be taking a beating the whole way and require replacement every 50 full cycles give or take. I would say use IMR16340s to get the cell health and cycle life and safety margin up, but I'm afraid they would likely flash the bulb... The option of using 3 RCR123s seems like a waste to me because you are not using all of the space within the body for energy storage.
The extra cost/time involved with just diving into a proper configuration right now will save you a lot of headaches down the road and give you a much better user experience with a "rechargeable" M4 setup.