There have been a number of reports of people using 3.7v RCR123's in
single-cell LED SF's, obtaining greater output (and considerably less runtime) with no ill effects, although this usage definitely subjects the drivers & LEDs to higher voltage than they were designed for. I would most definitely
not try 2x RCR123 in the two-cell SF's, and have not yet run into anybody on CPF that has been doing this over a substantial period of time - most say that there is a high risk of
For the two-cell LED SF's, a single 1x17670 LiIon would be very safe albeit with something like ~70% of the rated output from 2x CR123. Runtime would be excellent. However, some SF bodies do not have the required inner diameter for 17mm cells, requiring a slight boring of the body tube.
It's a tough situation - I run LiIon rechargeables in many of my SF's (using aftermarket LED drop-ins in the 6P / G3 / C3 for example), but my
LED SF's (L1, L2) are all on backup duty with 1x or 2x CR123.
Another option besides the standard 3.7v LiIon RCR123 are the various 3.0v rechargeable cells that are available, but all of them are rather poor solutions. I'd highly recommending Mdocod's two LiIon rechargeable guides for more info. I don't have the link handy and recommend using the 'search' function.
Edit: Here's the links. Pretty much the bible when it comes to LiIon rechargeables:
https://www.candlepowerforums.com/threads/161536
https://www.candlepowerforums.com/threads/201375