A123 Systems LiFePO4 18650s can provide a continuous 33A. Admittedly, though, with only 1100mAH of capacity, they won't do this for long.
As for the original question of protected vs unprotected batteries, I myself have never used protected batteries. Even in lights with series cells. Unprotected batteries are cheaper, smaller (especially shorter), and produce a higher voltage. People worry about safety. But if you use quality cells, quality chargers, store them in plastic cases, and use them in single cell lights with built-in overdischarge protection, there is absolutely NO safety disadvantage to using unprotected cells. In lights without overdischarge protection, safe use of unprotected cells is mainly a matter of knowing how long your light will run on a full charge and keeping it charged. Also, recognizing when your light starts to dim is VERY helpful in knowing when it is time to change batteries. With multi-cell lights, it's all about knowing your runtime. Low battery warnings can also help, especially if you use good quality cells that track voltage evenly from one cell to another.