At 2A and a single 17670, the best I can hope for is around 45min run time, so although it puts out a lot of light the run time is well under an hour. Also the GD1000 driver is single mode, so on or off. At 2A the XM-L will give about 670 emmiter lumens.
Yes using a single GD1000 will effectively double the run time and almost halve the output, and yes the GDseries was designed to easily stack so as to multiply the current. You can also get them in other currents like a GD750 say for 750mA and stack them for 1.5A for example. Also there is the GDuP driver (in 700mA and 1.2A versions) which also give multiple modes. If you run it at 1A (or up to 1.5A), you may want to consider the XP-G, it will probably work better with the optic too. An XM-L will provide up to 380 emmitter lumens at 1A, the XP-G R5 will provide almost 350 emitter lumens, and the XP-G should tend to give better throw than the XM-L both at 1A.
For the LEDs themselves and other bits, you might want to take a look at Cutter Electronics, they are an Australian supplier that are well known on CPF and sell lots of CREE LEDs on various bases. As for reflector, you may have to try a couple, I am using the reflector which was an option supplied with the Longbow Mini, but I suspect there may be a better reflector to use out there. So give the deal extreme one a try, you never know, and show us the results if you do.
You might consider an XP-G at 1.2A (using the GDuP driver) should provide almost 390 emitter lumens, for easily an hour on a good 17670 on high, but give longer run times by dropping to a lower mode if high isnt needed. That should be a nice balance between runtimes and power output if run time is important to you.
PS: The GD series and the GDuP only run up to 5.5v so using two RCR123 will most likely kill the driver. A single 17670 LiIon battery fits in the same space as two CR123 and should provide slightly better capacity than two RCR123 batteries.
PPS: The standard reflector/optic in the Longbow Mini has a ~17.5mm outer diameter and ~10.5mm height. If you dont shim the LED in the capsule (so that it sits lower) you could use a deeper reflector. So possible one of the McR16 reflectors or the IMS17 at the Sandwich shop may be options also. Cutter also may have a XP-G specific optic that may fit.