Okay this is what I noticed with my 120E.
It is not exactly a 120P. Someone said it becomes a programmable E and this is correct IME with my 20K SN 120E. There seems to be inconsistencies with the way click press behaves.
120P allows four settings.
Click: Setting 1
Click x 2 : Setting 2
Click x 3 : Setting 3
Click Press: Setting 4
thanks for the hint on how to access the level that Press gives from ON! I was able to customize my SpaDefense 120T to my liking (instead of maximum I chose Strobe for the Press from ON and click Press from Off). I am using 16340 cells (I did a battery reset by uscrewing the tail a little, then screw tight and hold button for 5 seconds only, then release.. do NOT hold for 10 seconds or you lose the 250 click hack and have to start over)
===todays programming
4 is ON, last mode memory
7 is ON, momentary last mode used, from off
Do NOT enable option 8! or you will stuck with a light that has to be factory reset (unscrew tail slightly, retighten, hold button for 10 seconds until light turns off), since the button wont click, and the light will only be ON when holding the button.
9 is ON
here are my presets:
click is ON (memorizes high, low, and moon)
double click is High 65 lumen
double click is Low 5 lumen
tripple click is moonlight 0.14
press from off gives the memorized mode
click from off gives the memorized mode
How to program what happens from a Press while ON:
from ON I did click press, release, to access the press option.. Then I programmed the level that press produces:
I did double click hold until I got the mode I wanted, I chose strobe, then turned off.
now from ON, hold gives strobe, from any mode
from OFF, click hold gives strobe,
in both cases releasing the button stops strobe and returns to previous mode, ON at whatever level, or Off if done from Off
Im kind of happy with this setup, for now
===
Novatac resets,
from the Manual:
Soft-Reset – fix an unresponsive state or part of a higher level reset. If your light is working normally, turn your light on and unscrew the battery case until the light goes out, count to three and then screw the battery case back together. If your light is in an unresponsive state, remove the batteries for 2 minutes and then reinstall them. Identified by 1 second of dim light. Does not change your settings.
Battery-Detect-Reset – required to detect battery configuration changes. Perform a soft-reset but while the dim light is on, press and hold the button for 5 seconds until your light dims. Release the button when your light dims. Identified by 5 seconds of bright light followed by dim light. Does not change your settings.
If you release the button during the brighter period, your light displays the error flash sequence consisting of 6 rapid flashes and your light will not detect the battery configuration.
If there is insufficient power to run your light at full power there is also insufficient power to safely remember the detected battery configuration. When there is insufficient power to remember the detected battery configuration, you will see two seconds of very rapid flashing. This also indicates that the battery configuration has not been properly detected and damage may occur to rechargeable batteries. Only fully charged rechargeable battery configurations can be properly detected.
Factory-Reset - restores your light to factory settings, including disabling Tactical Momentary, enabling brightness level ramping, enabling the Option menu and detecting the type of batteries installed. Perform a soft-reset but while the dim light is on, press and hold the button for 10 seconds until your light turns off. Identified by 5 seconds of bright light, 3 seconds of dim light and 2 more seconds of bright light. The settings are now restored to the factory defaults. 
