CM's right about this one. I don't even know why I mentioned the BadBoy up top. The mods that I've done have revolved around the DownBoy, and only to allow you to run it on 2X123's. I use Pilas exclusively in my 2 cell LED lights. My personal EDC right now is a KL4 that I use on either an L4 body or an E1e body, as dress permits.
The KL4 that I carry has the stock circuit in it and it works great. We can thank CM for this discovery. You only really need to get into replacing the circuit if you want to run it on more than a single li-ion.
BTW, my EDC has a Q3J in it, although I do have 3W's available. I wouldn't swap a good 1W for a 3W. You won't gain anything, not that I've SEEN anyway. Light meters might tell a different story, but my eyes aren't that sensitive. If you're starting new with a build or mod, I'd go with a 3W because they're cheap right now and the one's I've seen are at least just as good as the Q3J's that I've been so fond of.
To me, replacing the 5W LED with the 1W was a no brainer mod. I think the KL4 is now, much more useful.