Well, if he wants long runtime, why not try to get that for him, guys?
I mean, the Fenix is a very nice light and runs on uber cheap AA cells but if I was going to be up in the hills for an evening and could only have one light and one cell, I'd much rather have the Ultra than the Fenix. Having said that, if you're around town or within a building, it's not really that much of a challenge to have maybe 4 spare NiMH cells.
Anyway, back to the Ultra. I still use mine quite a bit though a modded Minimag has replaced it for my uses. Speaking of which, on the topic of which LED to use... there is no doubt that the CS will make the Ultra brighter but the CS isn't really a pretty LED. There are beam issues and color issues and of those are important to you, you might want to at least consider using either one of the Peak Snow 29 LEDs or maybe even one of KevinL's 35k LEDs. Both are very nice at 3.7ish volts and 30-50ma. The CS really comes into its own when significantly over-driving it as it seems to hold up better than many of the oher bare LEDs out there when driven to 70 to 100ma or over 4 'real' volts (as opposed to button cell volts).
I have no doubt that if you don't have unrealistic expectations, you should be quite happy with the Ultra, esp modded with one of the brighter LEDs. Just keep in mind that the swap is a bit more difficult than a lot of other lights.
Just to throw another light out there, the Nuwai TL-317X is a 2 stage light that runs on a single AA cell and has an LED 'similar' to the MJLED. This light has 2 stages of output and the high setting gives about 5 hours to 50% brightness. I never measured it, but the low setting should give closer to 20 hours. Not too shabby and on high, I'd imagine this would be quite a bit brighter than the CS-modded Ultra. Actually, when both are using alkaline cells, the Nuwai on low looks brighter than the stock Ultra though the Ultra has that really nice WIDE spillbeam.