Inretech, I hear what you're saying , but I believe that your statement is in reference to using step up and led in a conventional flashlight housing, ie-tube with batts and head with assembly. My personal little project runs into a different configuration where the power supply is connected to the led attachment outside of the conventional design. It isn't anything groundbreaking but a fun little time consumer for me to work on.
Overall I am really confused about the voltage thing. I have a white led at home that I put into a housing and is running off of 2 AA batts.
The led originally came from a little keychain light powered by two 3v coin cells with a resistor. I attached it without a resistor to the 2 AA's and it is working. Appears to be at same brightness as when used in the original keychain light. I just wish I knew what kind of led this one was, it would make my home project alot more easier for me to accomplish.