The plug in MR16 and MR11 LED units that I’ve used are a case of 12V MINIMUM required, and are generally safe up to about 18V.
I did a test on the one I was using to check the current and the voltage etc. I found that when my 14.4V pack was freshly charged it was chucking out 16.28V even under load (the LED is a very minimal load though in comparison to a 20W Halogen), the LED was only drawing 0.20A. By the time the voltage had dropped to it’s “nominal” 14.4V, the LED was drawing 0.23A.
Seems the LED draws the “power” it requires, regulating the current as the voltage of the power source drops. DO NOT try it with a battery of low voltage, or a fully discharged Nimh pack though. I learnt this the expensive way! Everything got VERY hot VERY quick, wires melted etc. Seems the LED was trying to draw a ridiculous current probably as the battery voltage was too low. Keep your 14.4V Nimh pack in good condition though and it will be fine.
The LED unit I was using was a 3xCree LEDs inside an MR16 sized “bulb”, with built in heatsinks etc. They’re about £20 each on ebay from the US (expensive, but they’re about 10 times better than any other LED “bulb” I’ve seen), and from what I can deduce draws roughly 3.3 Watts of power. Quick calculations based on my 14.4V 4800mah pack shows that I could expect over 20 hours runtime on a freshly charged battery! Oh, and the “bulb” is probably about as bright as a 10 or 12W halogen unit I’d say, if I had to guess 200ish Lumens or so. Perfect for “just getting about, and most offroad riding”, but it needed the 20W halogen on the bars too for any technical riding.
Given it all up now as I decided the new LED lights were the way to go, have a P7 flood on the bars now, and an R2 on the helmet for penetration.