i run Li Primaries (a buck each from BatteryJunction.com) in my P7 M2 (will order the 3xCree M2X this month or next).
i also have the TK40.
both lights are very nice. my pref. is for the EagleTac.
+1 to a prev. Poster on ring operation. i like the ring, but it is easy to overshoot turbo and go into strobe, but, then, it's a simple matter to back the ring off a bit and get back to turbo - IMO, a minor nuisance, at worst.
real issue, IMO, is what do you want to fuel/feed your light with? easy to find AA cells (or easier to use AA NiMH rechargeables), or Li Primaries/Li-ion Secondaries (i.e., rechargeables)?
if you're camping for a day or two, (or longer if you won't be using the light much), then either CR123/Li Primaries, Li-ion cells, or NiMH cells (depending upon which light you choose), are not a deciding factor. You may not need to even bring fully charged spares along, or, perhaps(???) at most, depending upon how much you actually use your light, a single set of spares.
however, if you're out for a week or two, unless you're car camping, or hunting in a situation where you were dropped off and perhaps didn't have to hike in far to your campsite, or rode on an ATV to the campsite, where the extra weight of a bag of spare cells won't be an issue, you may need to purchase new cells. in this case, the TK40, which can use AA alkaline cells, would be the less expensive way to go.
hope this info helps.