I’ve got a Tracer – no idea what Mk it is, but it is flippin’ bright.
I rarely use it in it’s brightest mode (it has 3 brightness modes). I tend to run it in the middle mode, as it gives a reasonable runtime – 6hrs constant & 12 flashing. I tend to leave it on flashing, which is more of a constant light with pulse.
I also run a Moon rear light that I can never remember the name of – Pulsar (after looking it up).
It is not as bright, but has a long LED strip & because it takes AAA batteries the battery life is much longer. I think it’s something like 60hrs on low & 40 on high.
I figure that a mix of these two should be safe in terms of having a battery run-out/fail.
From a part lifetime point of view, I prefer the idea of AAA batteries compared to fixed batteries inside the device. I just buy some decent rechargeables at the time of buying them; although it is a little bit less convenient.
I have an old Cateye that I actually charged the batteries of last night – and thinking about it, I must have bought it sometime around ’99/2000. It has old skool LEDs, rather than COB LEDs; 5 in a row, individual dots of light. Still bright & going strong.