Luke,
You said the best LED without needing too much juice. How much is too much juice? R ranked 1.2 watt Luxeons are the highest output available at this point so if you desire that power consumption, go for that.
What kind of batteries will you be using? Alkaline, lithium, NiCAD, NiMH or Lithium-Ion?
An example of a ultra-long throw LED light would use these components. Mag 2C flashlight with two JS Burley 3.6V Lithium-Ion batteries providing 7.2V. Use a sleeve to keep the batteries centered in the 2C tube. Machine down the reflector so the "Hotlips C" heatsink will fit in the head.
Grab a Luxeon III TWAK (67 to 87 lumens at 700mA) and mate it with one of dat2zip's DownBoy 700mA regulators. The Mag switch works great with these mods so don't worry about that.
The Lithium-Ion batteries with charger are expensive (around $100) but 3 lithium CR123a batteries will work fine also.
If you don't like the beam quality that the Mag reflector provides, it can be "sputtered" (search function for people to do it) Flashlightlens.com can provide you with a much better lens that is more durable, scratch resistant and lets more light through than stock.
Hope my babbling helps! /ubbthreads/images/graemlins/grinser2.gif