If you look at the graphs, you will see what I mean - compare the 18650 Max run to the max runs on other batteries. The other batteries are flat light output (i.e. circuit regulated) until nearly exhausted. The 18650 slowly decays until it eventually "falls off the ski slope" and rapidly depletes.
There is absolutely nothing wrong with this pattern - it is in fact more efficient to simply rely on the internal resistance of the 18650. But many users like the idea of constant light output provided by circuity. The problem is that for various electrical reasons, it is very difficult to design a circuit that can be fully regulated at max output across the voltages ranges of all battery types. The lights that typically manage this feat do so by reducing max output on 1x18650.
Personally, I consider this pattern to be a more than acceptable trade-off. As for batteries. I typically recommend single-sources whenever possible, such as 1x18650 (i.e. removes the risk of potentially mismatched dual-cells). It also has the greatest overall storage capacity this way. AW protected batteries are by far the most popular here, and what I use.