An alkaline battery, when overdischarged, can vent hydrogen without leaking any liquid. It is normal. There are worst situations, consider the PT Surge, or many underwater 8D or 8C spotlights.
I had this problem occurring many times with other lights.
The L2P makes visible, due to the tailcap boot, that there is a pressure increase inside the light body.
I believe that Fenix should include in the circuit of the L2P a voltage limiter, that at 1.8 Volt shuts the light off. In this manner, the process of reverse charging of one cell cannot take place.
Anthony