Well, when going down from 4,19V down to that 3,5V, the cell incurs internal damage, and has a higher overall self-discharge due to the past oxidation reactions inside of the cell.
Doesn’t happen as much at lower voltages.
What matters is the time spent at that voltage.
It doesn’t matter if it stays and is used periodically in a flashlight. being discharged down to around 3,9V-4,0V.
At that point, it doesn’t matter too much.
It matters if you charge your cells at 4,2V then store them.
It matters much much more if you keep your cells constantly at 4,2V.
TLDR: Store at 3,4-3,5V for very long periods of time.
Store at 3,9-4,0V for most periodical usage.
Charge to 4,2V if you use the torch a lot.