Dave,
Without doing some calcs, 9/16 should be OK. The head consisted of turning down a mag head while chucking the body. (A 4-start thread is a terrible thing to waste /ubbthreads/images/graemlins/grin.gif ) I then made a piece to press over it which included a slightly turned-down optic and a glass lens. There are no seals- it aint watertight. (Bright little sucker, though.)
On the little 123s, the LED is Arctic Alumina-epoxied to the copper centersection- good as it gets (I lapped the diodes!) The threads are bare metal contact to the body, and the whole thing(s) warm-up quickly /ubbthreads/images/graemlins/grin.gif . The human hand/ blood circulation reaches equilibrium at a not uncomfortable temp. I don't know if it would overheat if you just set it down. After initially bonding and soldering the LSs, I did pot the connections, just for mechanical security,
Larry