I think the Malkoff which has a warmer tint than most drop ins would be a much better and more reliable choice.
I had the LF EO-9 380 lumen incandescant lamp and did a lot of testing on it. Also had the 320 lumen model.
You are not going to get more than 200 lumens out of them with those batteries. These modules suck down over 1.6 amps of current and if the battery voltage sags substantially than the brightness drops. I measured my lamps with various batteries in an Integration sphere at work. 3 primary SF batteries, brand new (not for long) couldn't do it.
2 each 17500 Lith Ion rechargeables could not do it.
I put 2 primaries and 1 rechargeable in series to bump up the voltage (just for a short test I would never run it that way). Could not get it up over 200 lumens. I then put 2 RCRs and 1 primary and still could not do it.
The voltage sag with primaries was dropping it down to 7.6 to 7.8V real quick and the current was down in the 1.54 amp range.
With 2 17500's the voltage was down in the 8V range and around 1.56 amp.
With 4 18650's with 2 pairs of 2 in series (that puts the pairs in parallel). And these batteries fully topped off I was running 9.0V and 1.62 amps. It was brighter, still a yellowish beam. Didn't make it jump up another 180 lumens though. It was in the 260 lumen range. As the lamps heat up, the lumens comes down a little as well.
These are good lamps, but there is no way you will be getting a nice white beam and 380 lumens out of them.
Running little RCR batteries, I doubt that they will run 5 minutes.
The other module that is supposedly 150 lumens. Draws a little over 1 amp. with freshly charged 2 X 17500's I could not get it over 100 lumens. 3 SF primaries was around 85 lumens.
I have access to a calibrated Integration sphere at work.
It would be interesting to see how their new LED warm tint R2 compares side by side to the Malkoff, but I have been very happy with the very good reliability of the Malkoff M60 and M60F, and have dropped them on the concrete several times with no adverse affects. The M60 I have tested puts out 220 lumens out the front through the glass of a SureFire 6P. Very nice useable beam. I would forget about the RCR 123s and carry primaries.
Otherwise I would get the C3 model or 9P and run 2X17500 with a battery magnet (lighthound.com) to make for a good connection, and have 3 SF primaries as my back up. Very good run time at full brightness and then more gradual dimming for few more hours after that. I have been running these combinations on my mountain bike at night and been very happy with the results, run time/brightness/durability. Until I fixed the clamps on the bike, they fell off a few times.