The inretech 2AA adapter, like the CMG Reactors, are NOT regulated. Therefore, you get a slow, but, steady decline in output. The decrease in output is a reflection of the discharge curve of the battery type:
Alkaline: 1/3 fast, then slow and steady.
Lithium AA: slow and steady. Also best output (brightness)
On the otherhand, Regulated lights/adapters have a period of same level high brightness, followed by a very rapid switching to very dim output. In regulated lights, you actually have LESS battery life (runtime).
It is a trade-off, either way. Both are good.
The Inretech and Reactor (2AA) are designed for use with Lithium AAs for both best output, and longest runtime, with the flattest disharge curve.