If you're going to the trouble of putting a switching power supply in a flashlight, might as well make it a step-up circuit that can operate from a single cell. This way, you can drain the cell completely without worrying about hurting it. (The problem with draining a series pack of cells completely is that one goes flat before the others and is damaged when the others try to charge it in reverse.)
This circuit says it will drive any LED from a single 1.2-volt cell, and that it regulates the brightness as the cell drains: