Regarding the Peli lamp, it *does* look a bit front-heavy.
Also, 33hours off 4x alkaline AAs = something like 0.4W average even with 100% efficient circuitry.
As a rough guide, at low-to-medium power drains, (ie something below ~1Watt for a 3/4-cell light), an alkaline AA might give out 3.5 Watt-hours over its life (and that's probably being quite generous for anything other than low drains).
Circuitry is likely to take at least 10%, and possibly rather more off that.
Waterproofing Oldham headsets rather depends where the water is getting in, and whether it's a pressure thing (ducks and dives) or just general bad weatherproofing (waterfalls, etc.). Cable entry holes can leak - wrapping some insulation tape well around the cable and headset near the entry hole can help work out if that's a problem, and some flexible glue could be drizzled down the hole to help seal it if so.
The switch can leak - I notice more recent headsets (the grey-bodied ones) use an O-ring rather than a fibre washer to seal the switch shaft.
There's the possibility of leaking round the reflector seal (maybe some vaseline on the rubber, or a new seal if the old one is stiff would help), and possibly even the contact 'pip' that bolts through the shell - sealable with some kind of glue.
Also, 33hours off 4x alkaline AAs = something like 0.4W average even with 100% efficient circuitry.
As a rough guide, at low-to-medium power drains, (ie something below ~1Watt for a 3/4-cell light), an alkaline AA might give out 3.5 Watt-hours over its life (and that's probably being quite generous for anything other than low drains).
Circuitry is likely to take at least 10%, and possibly rather more off that.
Waterproofing Oldham headsets rather depends where the water is getting in, and whether it's a pressure thing (ducks and dives) or just general bad weatherproofing (waterfalls, etc.). Cable entry holes can leak - wrapping some insulation tape well around the cable and headset near the entry hole can help work out if that's a problem, and some flexible glue could be drizzled down the hole to help seal it if so.
The switch can leak - I notice more recent headsets (the grey-bodied ones) use an O-ring rather than a fibre washer to seal the switch shaft.
There's the possibility of leaking round the reflector seal (maybe some vaseline on the rubber, or a new seal if the old one is stiff would help), and possibly even the contact 'pip' that bolts through the shell - sealable with some kind of glue.