I used the Letherman combo holder/case you mentioned and it was doing great. But after a while top of my maglite was all scratched up. Everytime I had to put my Wave away I would hit the flashlight. Not a biggie since I don't think I would break the lens but still it didn't look too pretty. So how easy is to get a flashlight knocked out of the loop? Not that easy but possible. Never happened to me but it was half way out in some cases before I cought it. When I switched over to Inova X5 light and ARC LS I gave up on the combo pouch.
Ripoffs that you mentioned are great cases, and their clips are super strong. I had their pager case that I picked in the store but anything else that I wanted I could never get. Distibutors always seem on backorder for some reason.
Matt