I'm sorry. My appreciation of Stonedog's concern was that he wanted to run a Lux V on a li-ion cell, but was apprehensive about using a badboy because he just had one die. I assumed that he was running it on a li-ion cell, because the issue of running a badboy/lux V combo on a li-ion cell was a subject of some discussion here a while back.
In any case, as I said, I'm not aware of any situation where the Vin would exceed the Vf of the Lux V, whether it is on a single li-ion cell or 2X123. Considering that the bottom end of the S Vf range is 5.91v and given a situation where you actually have a Lux V with an actual Vf of 5.91v, the voltage drop of the batteries under load and the overhead of the converter would all but insure that the Vf of the Lux V would not be exceeded by the Vin.
If Stonedog was indeed running his light on 2X123 when it failed, then the Lux V/Li-ion issue doesn't apply. I can whole heartedly say that the failure was either due to a bad solder joint (it can happen to anyone), or the converter just failed and the failure was an aberration. I've built over 100 lights using the badboy converter and IIRC, I haven't gotten a single one back because the converter went bad.
If an alternative is still being sought, Georges80 might have something for you too. He also builds very nice converters, although they are a bit larger and I haven't been able to successfully incorporate one into a light engine.
As for your successfully running a Lux V/Badboy setup on li-ion cells, many here have been doing it for a long time, myself included. Unless I'm mistaken, a lot of it started when we were looking for a cheap way to run our L4s, which also incorporates a boost converter, not unlike the badboy. The Surefire circuit gets hot enough to cook on when driving the light with a li-ion cell.