I orded 2x UltraFire C2s with the Cree Q5 LEDs (~$50 total). I also ordered 4x 18650 lithium-ion rechargable batteries (~$20 total) and a charger (~$10). So about $85 all up after exchange rate charges etc... This was from http://www.dealextreme.com.
I plan to build a mount, but in the meantime I couldn't wait to test them out so I rigged up some temporary mounts using rubber bands! I also used the torch wrist straps and threaded them around the bars in case the bands failed, this way the torches would remain attached. The red band sucked as it was too loose but the blue band (one of those livestrong type charity bands) was actually quite good.
- Old setup: 1W Luxeon light, handle bar mounted (see the green bit)
- New setup: 2x Cree Q5 handle bar mounted, old 1W Luxeon light helmet mounted.
Pros:
- very bright
- one 18650 battery charge will last approx 3hrs, i didn't test this though. My ride was about 1.5hrs and it was just as bright at the end.
- helmet mounted lights are awesome too!
- no heat issues at all, torches remained cool to touch while riding
- UltraFire C2 - 5-mode light is annoying to use as you have to cycle through all modes (mode1-off-mode2-off-mode3- ... repeat and loop). I recommend the 2-mode version unless you need flashing modes. FYI I bought one of each.
- The UltraFire C2 spot is quite intense, it'd be nicer if it was less intense and the spill was brighter (but same width of spill)