I bought an original TW4 and they were supposedly handpicked for low Vf, since they were going to be used on one cell bodies.
I just did a runtime test on mine yesterday with a Batterystation R123. 30 minutes in regulation, with another ten of diminishing brightness(maybe 5 minutes to get down to Arc AAA-P brightness, and less output for the remaining 5). That's actually a couple minutes more runtime than I get on a Longbow mod with a
Wizard2@937mA on a TYOH.
Not too shabby, IMO. First time I've seen a moon mode with R123s, normally the protection circuit kicks them out while still in regulation, but the KL4 undoubtedly dropped out of regulation and went DD for a bit before the battery pooped out.