Please allow me to clarify...
My comments were referring to the use of Willie Hunt's LVR for incans. In crude terms, they are sort of a variable duty cycle "chopper" and thus regulate the RMS voltage to the filament. This is why they need a higher battery voltage than the lamp voltage, and also why they won't work for LED's (LED will see full batt volts during "on" pulse state).
FWIW - the LVR does not not run regulated end then die without warning, but it might not be best suited for tactical use due to the slow startup feature incorporated to prolong lamp service life. BUT - for just about anything other than tactical use, I'd much rather have the regulation and features of the LVR than not.
Willie has provided an ingenius method of advance low battery warning by alternately dimming the output just slightly at about a 1 hz rate. The light is still quite usable in this state, and does not require periodically monitoring some indicator for battery condition. Also, the warning flash can be disabled if desired.
The run time following low-batt warning depends on what voltage level you want the warning to ocurr at. For the LVR3C, it will be pre-programmed to something like 0.9 volts above the lamp voltage. For the fully custom units, you can choose the depth of warning flash, warning voltage level, and optionally the low-batt cut-off point (if using rechargeables) to protect the batteries.
I built a bicycle light using the LVR3I, and I have to say that Willie's LVR is *very, very* nice for that application. Makes me want a flashlight with similar features...
Have fun - John