Given the limitations of the lights currently available I asked my lady if she would rather compromise on size or on battery life and she says she would rather have a slightly larger torch than one that will eat Duracells.
So based on that, there's a new favourite - the Black Cat HM-01. I already have one of these and have established that it will produce a and reasonably consistent level of brightness for around an hour on a NiMh AAA; based on the relative discharge characteristics I'd expect it to go for longer, albeit at lower and less consistent ouput, on a decent alkaline cell.
Will give her my HM-01 today and see how she gets on with it