Hmmmm, I was thinking the amps made the light brighter, not the volts. Would an unprotected, high-drain 18650 that could continuously pump 10-15 amps be potentially brighter?
Think of volts as potential for amps; you can't have amps without volts. A cell which can sustain a higher voltage under load will push more amps through that load.
There's a good chance that an unprotected, high-drain 18650 will sustain a higher voltage than a protected, low-drain 18650, because there won't be a voltage drop across the protection circuit. In addition, the construction techniques used in a high-drain cell tend to reduce internal resistance, which reduces the voltage drop that occurs across that internal resistance. Unfortunately, those same construction techniques often incur tradeoffs that reduce the cell's total storage capacity; nothing comes for free.
There are no hard and fast rules, however. A high-quality protected cell can still do better than a mediocre unprotected cell, for example.
Also bear in mind that if the light's driver is operating in full regulation, cell voltage and drain capability are less important, because the driver will be locking the light's output to a set number of lumens anyway. As long as the cell's output stays within range of what the driver needs to maintain full regulation for as long as you want it to, that does the job.
Cell voltage and drain capability only become crucial parameters when the light drops out of full regulation and at least some degree of direct drive starts to kick in. At that point, cells which can hold higher voltages and currents will allow the light to sustain correspondingly higher outputs, although that will normally be at the price of reduced runtime.
This post is starting to sound like something from a "Flashlight Electronics" thread
On that note, I commend HKJ's cell comparators to you. He has four of them, grouped in classes of cell size and type, so that you can get graphs of how different cells compare to each other under load. Look for "Index to comparators:" at the top of this page:
http://www.lygte-info.dk/info/indexBatteriesAndChargers UK.html