You can put a cree into the minimag. The reflector is deep and does ok. You will have to modify the heatsink to make the corners of the cree fit, but if you have a dremel, it's a couple easy cuts. Most of the new crees have a bit higher vfs relative to what you can get from luxeons, so you may not be running it at very high currents. Some people who've gotten theirs on the recent group buys have reported currents as low as 400mA by driect drive from 3 alkaline cells. If you already have a cree, you can connect it to a power source to drive it at the proper current you want, measure the resistance and the supply voltage, and calculate the vF of that particular led. That will give you the information you need to see how bright your led will be in the light, and help you decide if it will be worth it or not.