Streamlite Scorpion LED.
Quark AA², R5 Edition 4Sevens.Com
I love it. For under $60 it's the best light I've found. I EDC this one, and it gets beat up and still is blindingly blight. It's definitely as good if not better than the Fenix's.
Also, the runtime on low (moonlight) is incredibly long. Would make a great light in a SHFT situation also.
Let's talk pocket clips for a minute. . .
There have been many excellent recommendations here in this thread-- many that I've personally considered upgrading to. One issue I have with these pocket lights is how flimsy some of the clips are.
On my MicroStream, for example, it will hold onto my pocket fairly well-- until I snag it on a chair arm, door frame, etc., then it bends out of shape. It does bend right back into place, but I'd rather have a clip that doesn't bend at all, or isn't prone to snagging. Another factor is placement, as I prefer to have a clip that seats the light fully into my pocket, with very little of the light itself sticking up.
Of the lights you guys have mentioned above, how do you rate the pocket clips?