If you leave a single cell light on high like an EX10, P2D etc, or just 'on' of course for single level lights, Romisen RC-N3 being my torture tester, you will be in no doubt at all when the light gets to 2v, it will be noticeably less bright.
If you're using a light on low, again, like the EX10/P2D for example, the voltage could be gradually dragged down to very low levels without you even noticing. The solution there is to flick it up to high, or at least higher. If it goes, the voltage is still fine, if it doesn't, time for a battery change!
The amount of abuse that my 2 tester LiFePO4 have been subjected to over the last few months does not seem to have had any effect at-the-moment on their capacity. Of course, I assume I have shaved something off their overall life cycle, but right now, they're still fine. The point of that is to show for an average EDC, if once per couple of weeks you accidently have it down to 1.7v or whatever, then get it in the charger, you'll be fine. They are forgiving, unlike their other lithium cousins.
Plus of course they have the slightly lower voltage, so you don't lose all the low levels in lights like the P2D, and they'll work in the E1B.