to determind what is aceptable, for what ever battery(s)/board/luxeon combination you are trying to run.
You need to match up the luxeon's vf (forward voltage) with the cell's voltage (vin). If combined cell's voltage is too high, then a downboy can be used to step-down voltage to correct range.
when running a single li-ion cell, be it pila 168, 14500, 14430, R123 etc. the battery's chemistry determinds the output. for li-ion range is from 3V-4.2V. Fully charged at 4.2v and depleted at 3v. If you deplete li-ion cell below 2.5v, permenant damage occurs. full charge can never be realized again due to anode damage.
a kbin vf is ideal for single cell li-ion use. I've run a single R123 li-on with my BB750 X4T (5watt) successfully for quite some time.
MM+ Tbin works great with R123, same for BB tbin sammies and single li-ion cell.
WARNING: when using li-ion cells. remove cell at first sign of dimming. then measure voltage a few cycles to make sure it's not going below 2.5v. Usually it will be aprox. 2.8v at first sign of light dimming.