The only other 2 x AAs at about that pricepoint or below with 2 modes and a bright hotspot would be the Fenix L2T v2 ($49 before cpf discount) and the Romisen RC-N3 Q5 II from Shiningbeam, at I think about $26. The L2T will not be as bright on hi as the EagleTac, but still pretty darn bright, and the lo is much lower, and you will get better runtime on both levels than the EagleTac. The RC-N3 will be not as bright on hi, and maybe about the same brightness on lo, wirh I think, better runtime on both levels.
The Eagletac may very well have the smoothest beam, and be the most rugged of the three.
Check out selfbuilt's 2 x AA comparison review in the reviews section, I think all three lights are written up in there, with beamshots, output measurements and runtime graphs. (All hail selfbuilt...:bow::bow::bow