Perhaps I might offer some additional comments.
1) The light is going to be sitting around a lot, but when it is needed, it needs very long run time.
2) The light is an industrial 2 D Plastic light, and the goal is lots of cells for long run time.
In my mind, the main reason for going to 8 x AAs are 2
a) To gain the (normally) much higher current flow capacity of AAs vs D cells
b) Easy access to AA recharge types vs D NiMH
c) Increase the voltage over 2 D cells in series
d) Ability to access a locally avaiable, common cell.
Since the light will be sitting around a lot, but needs long run time when it is needed, then you should not use rechargeable cells of any type. The R cells WILL discharge even if not used, although certainly the Li cells will take longer.
As far as 18650s go, they are fantastic cells, but unless you are using protection circuitry of some kind, you can hurt yourself and burn down your house. The correct choice for all but the experts is a well protected cell such as the Pila brand cells. The protection means that the cells are larger in dia. or will have less capacity. They are a well proven performer.
By the time you buy 4 cells, a charger, etc, you will have a lot of $s invested in cells, and don't necessarily plan to get the value proposition of R cells, which is "regular heavy use". I don't consider a pack of cells once / month to be heavy enough use to justify the cost and risks, nor is this setup going to help you if your cells are dead and you are needing some fresh cells.
The AA option is a good one, but for your application, I would save myself the trouble of boring it out for 8 cells and just use 6 x AA energizer Li cells. The capacity of 6 AA Li cells is very close to 8 X AA NiMH under that load and allows you to skip the boring step. The AA setup also allows use of more common, locally available cells in a pinch.
My personal favority for 2 x D's is the SAFT primary cells. You can buy them at hdssystems.com (look under products). They are protected, primary cells with plenty of power and 3 volt nominal output.
If you are going down the rechargeables path and plan to charge them up regularly, I would suggest 2 x D NiMH. There are some very high capacity cells out there, and life is much simpler than boring that body out.
As far as a Lux V in the light, That is a nice LED. Heat management in a 2 D light is all about getting the heat transferred from the back of the LED to your hand - in the end, nothing else really matters. The metal reflector is one small part of getting heat to your hand, and you really have no heat transfer path though the plastic walls. The bottom line is that if you use a large slug of metal under the LED and only turn the light on for 1 - 2 minutes at a time, it is ok (the metal slug will heat up, and eventually cool down), but a 15 minute run will likely not work out, esp at 1000ma. It might work at 250ma.
If you really like that host light, then perhaps a simpler and more effective mod is the 2 X D cell SAFT cells, and a 6 V incan bulb. The metal reflector will work out for that application.
A Lux V really needs a metal bodied light, the more, the better. I hope that helps.