We were doing some prototyping for a guy at the machine shop with high output "flashlights" for hunting at night. One of his big challenges was a battery with high output and had to be compact. Which lead him to do a lot of research on the topic. Part of the PC board that controlled the LEDs had a regulator built in, and a low voltage cut off/ high voltage cur off. Through the various batteries he tested he came up with a cut off voltage of 2.95 volts per cell as optimum, and had the PC board set to 3 volts per cell to allow for lazy people that didnt want to charge spent batteries right away. I was fortunate enough, That he shared a lot of his work with me on the development phase of it. Well he would show anyone that would listen to him or could understand what he was doing. He ended up going with 2 different battery systems, one was 4, 18650 Panasonic lithium ion cells for his mobile version. (Ran in series to make 4s) then he had a pack for his tripod mount unit that used lithium polymer batteries, and plugged into the lights body. His biggest concern was cell health. As he gave the same warranty on his new series of lights as his old one. Was very interesting project to be involved in. Wish I had his tables from his testing on battery performance. Really an eye opener.