For some reason 3-AA lights are not that common. 2-AA is more the norm. I don't think you are going to get a whole lot more than ~100 highly regulated Lumens at 4-5 hours from 2XAA cells in series. Its just not possible, with the currently available components and cell capacities. Someone else can elaborate in detail on Emitter current draw, cell capacity and DC-DC circuit efficiency. LED emitters basically are not THAT efficient, and AA cells just don't have the capacity.... yet
Emitter designers seem to be placing more emphasis on Lumen output, than efficiency. With the latest multi-die emitters from Cree and Seoul. So its safe to say that single die emitter capacities will be stuck at this plateau for some time. Unless, newer BIN releases proove to be significantly more efficient (which hasn't been the case with the recent BIN releases).
So anyhow... Welcome to the forum!!:welcome:
I have been pleasantly surprised by my shiningbeam RC-N3-Q5. Its around the 100L ball-park and will hum along with good regulation for 3.5 hours with my OLD 1700 Mah NiMh cells. 4+ hours of flat regulated output should be easily within reach with higher capacity cells.