Sure, usually it's choices...
But in this case - how many medium-sized lights can you think of, that are generally equal or better than this one?
Excluding secondary bits like lumens on low (not because of usefulness, but because setting different mode levels costs the manufacturer nothing).
Let's say I'll take one, rip the driver and led from it and put it in a 14500-type body.
Won't it be also one of the best AA-size light available?