After much searching, I'm back to square one.
As I understand it, the main drawbacks of the LED Lenser P7/T7 are that is uses a superseded LED, is not hugely bright and does not have constant current circuitry. However, I know that there's more to the output than the stated lumens figure; I don't know how well it does in that regard.
Thing is, while I keep reading that it's not a great value torch, I haven't found anything that looks better at the price (< £35).
After searching, I'm prepared to relax the AA/AAA and adjustable constraints. I would prefer an (AA/AAA + other) hybrid but would consider 'other' only, provided batteries and chargers are available at a reasonable price (in relation to cost of the torch). Again, the spot/flood isn't a must, assuming the beam is good. I relying on your judgment as to whether it beats the P7/T7.
A 'low' mode to conserve power would be nice.
What can you recommend in the UK?
TIA.