If the 3.7V batteries are too much, you may be able
use the 3.0V batteries.
3.7V batteries can top off at 4.2V hot off the charger.
The 3.0V batteries are direct replacements for a regular
CR123 battery for most applications but not all.
It takes 12ms for the regulator to kick in and
drop down the voltage from 3.6V to 3-3.2V for the Tenergy.
Some lights may burn out if they can't handle the initial voltage
even thought it is only 12ms.
Initial cell voltage of 3.6V switches to 3-3.2V within 12ms.
The 3.2v one might work also, you need to find out
the working voltage for the Inova X5.
Someone on this site should know and tell you. Keep checking.
You can try these.
Tenergy 3.0V 900mAh regulated and protected batteries
Powerizer RCR123A 3.0V 680mAh protected & regulated batteries