The KL1 is supposed to run for 90 minutes on one 123, and 4 hrs on 2 x 123.
If you take a current measurement, you'll find that to be completely coherent with the stated runtimes.
I found out a different result, and this is true for ALL multiple cells regulated lights, that if the batteries are not well "paired" in capacity and internal resistance, they will last much shorter than what is supposed, especially for pulsed - EDC use.
I switched from a E2e+KL1 to an L1 for one of my EDC, since I use "cheap" 123s.
The SF L1, for the same brightness, draws 900 mA in high mode from a 123 - The Arc LSH-P, with a much better throw and tint, draws 500 mA.
I found that I am using the SF L1 mostly in low mode - where it draws only 15 - 20 mA, so a 123 cell now lasts me forever...
Of course, the picture will change with the new LS4...
Anthony