I still like the simplicity of the Peak and Arc 1xAAA LED lights and Gerber Ultra Infinity 1xAA -- On/Off is nice, no need to think about it.

The Gerber Ultra Infinity is what I usually go to because it's small and convenient; the UK 4AAeLED is available if I need more output. The UK (Underwater Kinetics) is waterproof to 10' and is UL Class I Div 2 rated for use in hazardous locations. These lights together cost less than the Fenix.

The Fenix L2D CE I bought sits in my EDC backpack virtually unused.